Small Business Cyber Insurance Secrets Insiders Won't Share
Cost Considerations and Pricing
The cost of cyber insurance varies significantly based on factors such as the size of your business, the industry you operate in, and your security posture. On average, small businesses might expect to pay between $1,000 and $7,500 annually for a comprehensive policy3. It's important to note that the potential costs of not having insurance—such as legal fees, regulatory fines, and lost business—can far exceed the premium.