Secure Data Center Fortunes with Smart Insurance Strategies

Real-World Examples and Statistics

The impact of insurance on data center operations is evident in several real-world cases. For example, during Hurricane Sandy in 2012, data centers in New York suffered significant damages. Those with comprehensive insurance were able to recover swiftly, while others faced prolonged disruptions and financial strain¹.

According to a report by the Ponemon Institute, the average cost of a data breach in 2023 was $4.45 million, highlighting the importance of cyber liability insurance². Furthermore, companies that implemented robust insurance strategies reported a 20% reduction in downtime costs³.