Revolutionize Protection with Limitless Cyber Insurance Choices
Real-World Examples and Pricing
In recent years, the demand for cyber insurance has surged, leading to a competitive market with a variety of options. For instance, small businesses can expect to pay between $1,000 and $7,500 annually for a policy, depending on the level of coverage and the industry2. Larger organizations might see premiums in the range of $50,000 to $100,000, reflecting the increased risk and potential exposure3.
Consider the case of a mid-sized retail company that experienced a data breach affecting thousands of customers. The company had a cyber insurance policy that covered the $2 million in costs related to customer notifications, legal fees, and system repairs. Without this coverage, the financial impact could have been detrimental to the business's survival4.