Is your ecommerce business ready for cyber liability insurance
Evaluating the Costs and Benefits
The cost of cyber liability insurance varies based on factors such as the size of your business, the volume of data handled, and your industry. On average, small businesses might pay between $1,000 and $7,500 annually for a policy2. While this might seem like an added expense, the investment is minimal compared to the potential losses from a cyber incident. Moreover, having insurance can enhance your credibility with customers who value data security.