Maximize Protection With These Cyber Insurance Secrets
Types of Coverage and Pricing Insights
Cyber insurance policies can vary widely, with coverage options tailored to specific business needs. Common types of coverage include first-party coverage, which addresses direct losses such as data restoration and business interruption, and third-party coverage, which covers liabilities related to customer data breaches. Pricing for cyber insurance depends on factors such as the size of the business, industry, and risk profile. On average, SMEs can expect to pay between $1,000 and $7,500 annually for a basic policy1.