Cyber Liability Insurance
Cyber Liability Insurance Quotes
Every business should consider cyber liability coverage
Think about your customer data, employee data, company financials. How many of your company’s desktops, laptops, and phones hold that data and are connected to the internet full time? What about hosted databases used for websites and applications? How many employees have access to your network? That’s where cyber liability coverage comes in.
And It’s a good thing that agents at Insuremart are well-versed in helping companies navigate the stress points and confusion around cyber liabilities. Talk to an agent at Insuremart to learn more. They will provide clear, concise guidance on risks and coverage.
Insuremart has direct access to
over
100
insurance carriers
Nobody can sell for less, and we work for you.
Cyber criminals and bots do not discriminate against business size, and they work 24/7 online.
What does cyber liability cover?
Cyber liability insurance helps protect your business from liabilities and financial losses from cyberattacks, data breaches, and other cyber-related incidents. From data recovery costs to lost income, investigations and legal support, coverage is far ranging.
Am I required to carry cyber liability coverage?
It could be required through industry regulations or contractual obligations. And even when not required, your risk and liability are always present. Add in that the risks are rapidly increasing, and don’t forget about AI.
How much does cyber liability cost? What about limits?
We say this often, but there are a lot of variables. And significant coverage difference between insurance carriers. As a reference, you can expect a lower-risk small retail business with some data storage, $1 million coverage limit, data recovery help, and general third-party liability, to pay $1,000-3,000 annually. If you are a small technology or healthcare company, expect to start at least $2,500-$4,000 per year.
Good to know: Insuremart works with over 100 insurance carriers. Nothing gives you an advantage when buying Cyber Liability insurance — or any insurance — like a great agent and more options. Talk to our agents.
Endorsements to tighten protection.
There is first-party coverage to help cover costs to your business. There’s also coverage for extortion or other social engineering fraud, regulatory defense costs and penalties, and there’s a unique coverage called Crisis Communication and Public Relations Coverage. Consider that when reputation is paramount.
Virtually every business has some level of cyber risk. From ransomware to phishing scams, to SQL injections and even insider data theft or sabotage. Doing business continues to get more expensive and complicated. Insuremart’s agents will do their part to reduce stress on the insurance side.
Get a Cyber Liability insurance quote from Insuremart right now. Our agents are ready to help.