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.