Guest Post By Virginia Hamill published on May 22, 2019
Cyber liability insurance protects businesses from losses or damages resulting from cyberattacks and data breaches. These expenses can include data loss and restoration, extortion, legal fees, and regulatory fines. Cyber liability insurance costs vary depending on your risk factors, but most small businesses’ annual premiums range from $1,000 to $7,500.
Top Cyber Liability Insurance Providers
Cyber insurance coverage is still relatively new. However, the steady rise of cyberattacks has resulted in more insurers carrying products for businesses of all sizes. Small business owners may still have a hard time finding affordable coverage, so our list of top companies include small business specialists and brokers who can quote multiple carriers.
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Virginia Hamill is a junior finance writer focusing on insurance. Prior to joining Fit Small Business, Virginia worked in the wholesale division of Insureon, an online insurance agency. She holds a Master’s Degree from DePaul University and has written for a number of digital finance and insurance companies, including Kin and TopstepTrader.
Courtesy of FitsSmallBusiness