Protect profits today with affordable cyber insurance solutions
Cost Considerations and Opportunities
The cost of cyber insurance varies based on several factors, including the size of your business, industry, and level of coverage. Small businesses can expect to pay between $500 to $5,000 annually for a basic policy, while larger organizations may face higher premiums2. However, the investment is often outweighed by the potential savings in the event of a cyberattack. It's advisable to search options and compare quotes from multiple insurers to find the best deal. Some insurers offer discounts for businesses that have robust cybersecurity measures in place, providing an incentive to enhance your defenses.