Protect your business from the
invisible threat.
It’s not if you get attacked, it’s when. A single data breach or ransomware infection can bankrupt your company. Cyber Liability Insurance covers the devastating financial fallout.
- Standard General Liability policies completely exclude cyber threats.
- Pays for digital forensics, data recovery, and expert legal defense.
- Coverage for social engineering and fraudulent wire transfers.
Ransomware & Extortion
When hackers lock your servers and demand Bitcoin, cyber policies provide crisis negotiators and can cover the extortion payment itself.
Data Breach Liability
If sensitive client data (SSNs, credit cards) is stolen, this covers mandatory notification costs, credit monitoring for victims, and regulatory fines.
Business Interruption
If an attack takes your digital operations offline, preventing you from generating revenue, the policy replaces your lost net income.
Get Your Cyber Quote
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What Exactly Is Covered?
A robust cyber liability policy protects you from both the direct costs incurred by your business (First-Party) and the costs of defending against claims from others (Third-Party).
Digital Forensics
Pays for specialized IT forensic experts to immediately investigate the breach, contain the active threat, and determine exactly whose data was compromised.
Data Restoration
Covers the painstaking and expensive process of recovering corrupted data, reinstalling software, and rebuilding your servers after a malicious attack.
Notification & PR
Legally, you must notify victims of a breach. This covers mailing costs, mandatory call centers, free credit monitoring services, and PR firms to save your reputation.
Social Engineering
If an employee is tricked into wiring money to a fraudulent account (phishing/spear-phishing), specific cyber crime endorsements can replace those lost funds.
Data Breach Risk & Cost Estimator
Hackers don't just target Fortune 500s; they target vulnerable small businesses. Input your company's data footprint below to see your potential financial exposure vs. an estimated policy cost.
Data Profile
Emails, passwords, SSNs, credit cards, or PHI.
Used to estimate business interruption exposure.
Risk vs. Protection Cost
Total Breach Exposure
$900k
Fines, forensics, lawsuits
Est. Monthly Premium
$125
To fully insure digital assets
At an industry average of $180 per record, a single breach could cost your business $900,000. Transfer this massive liability to a carrier for roughly $4 a day.
*Educational tool based on IBM's annual Cost of a Data Breach Report baseline averages ($150-$200+ per record). Premiums depend heavily on implemented security controls (MFA, EDR, Backups).
The "I'm Already Covered" Myth
Many business owners falsely believe their General Liability or BOP covers data breaches. In reality, most standard policies have strict, explicit cyber exclusions. Don't be caught unprotected.
| Coverage Scenario | Cyber Liability Policy | General Liability | Commercial Property |
|---|---|---|---|
| Hackers encrypt files (Ransomware) | Covered | Not Covered | Not Covered |
| Customer sues over stolen SSN | Covered | Excluded | Not Covered |
| Lost income during IT downtime | Covered | Not Covered | Only if physical damage |
| Physical servers destroyed in fire | Not Covered | Not Covered | Covered |
Do You Need Cyber Coverage?
If your business relies on technology or data, you have exposure. If you answer "Yes" to any of the following, a policy is essential.
Process Payments
Do you process credit cards or bank transfers? PCI-DSS compliance fines for breaches are massive.
Store PII or PHI
Do you store Personally Identifiable Information (SSNs, addresses) or Protected Health Information (HIPAA data)?
Cloud Reliance
If a cloud outage or ransomware attack took your software offline, would your business lose revenue every hour it was down?
Cyber Insurance FAQs
Executive answers to keep your digital infrastructure protected.
Will it pay the ransomware demand?
Often, yes. If experts determine that paying the ransom is the only way to recover mission-critical data, a cyber policy will typically cover the cost of the cryptocurrency payment, along with the crisis negotiators used to facilitate the transaction safely.
My IT company/MSP handles my security. Do I still need this?
Absolutely. While your Managed Service Provider (MSP) sets up defenses, no system is 100% impenetrable (especially against employee human error like phishing). If a breach happens, the legal liability, notification costs, and reputational damage fall squarely on YOUR business, not your IT provider.
What security controls do carriers require?
To get the best rates (or to get quoted at all), carriers now require baseline security hygiene. At a minimum, expect to be required to have Multi-Factor Authentication (MFA) on all email and remote access, offline/air-gapped backups, and Endpoint Detection and Response (EDR) software.