Cyber Liability Insurance for Growing Businesses
Cyber liability insurance protects your business from the financial fallout of data breaches, ransomware attacks, phishing scams, and other digital threats. With cyberattacks increasing every year, businesses of all sizes — not just tech companies — need this coverage to survive a breach.
Coverages we place
- Data breach notification and response costs
- Credit monitoring for affected customers
- Ransomware and cyber extortion payments
- Business interruption from network outages
- Legal defense and regulatory fines
- Public relations and crisis management expenses
Who needs this coverage
Any business that stores customer data, processes payments, or relies on digital systems. This includes retail, healthcare, professional services, financial services, e-commerce, and even small businesses with email and basic IT systems.
What drives your premium
- Volume and sensitivity of data stored (PII, PHI, financial data)
- Annual revenue
- Industry (healthcare and financial services pay more)
- Security controls in place (MFA, encryption, backups)
- Claims history
Common exclusions
- Pre-existing breaches or known vulnerabilities
- Failure to maintain minimum security standards
- Bodily injury or physical property damage
- Patent or trade secret theft (may require separate IP coverage)
- Acts of war or state-sponsored attacks (some carriers exclude)
Frequently asked questions
How much does cyber insurance cost for a small business?
Small businesses with revenue under $5M typically pay $750–$3,000/year for $1M in cyber liability coverage. The cost depends on your industry, data volume, and security posture.
Does my general liability policy cover cyber incidents?
No. Standard GL policies exclude cyber events and data breaches. You need a dedicated cyber liability policy to cover breach response, notification costs, ransomware, and digital business interruption.
Related coverage
Get a free quote or call (321) 206-8035.