Cybersecurity Insurance: Must-Have Protection in a Digital World
1) What It Covers
- Data breach response costs.
- Ransomware payouts and recovery.
- Legal liabilities and customer notification costs.
- Business interruption from cyberattacks.
2) Typical Premiums
| Business Size | Annual Premium | Coverage Limit |
|---|---|---|
| Small Business | $1,200 | $500,000 |
| Mid-Sized Company | $5,000 | $2M |
| Enterprise | $25,000+ | $10M+ |
3) Example
A small law firm suffers a ransomware attack costing $150,000. Cyber policy covers recovery + legal fees, leaving only $10,000 deductible.
Conclusion
Cybersecurity insurance in 2025 is no longer optional. As attacks become more sophisticated, insurance ensures financial survival.
Labels: Insurance,Technology