Cyber Liability Insurance Estimator – Protect Your Business from Digital Threats
Use our Cyber Liability Insurance Estimator to calculate how much cyber coverage your business may need and what it could cost. Whether you're a tech startup or a retail business handling customer data, this tool helps estimate your potential premiums, coverage levels, and risk exposure based on your business size, industry, and data volume.
State Regulations: California has CCPA, CPRAwhich may affect cyber insurance requirements and premiums.
Cyber liability insurance protects businesses from losses due to data breaches, hacking, ransomware, and identity theft. It covers legal fees, customer notification costs, and data recovery expenses.
Coverage includes legal fees and settlements, customer notification costs, data recovery and forensics, reputation management, and lost income from business interruption.
Premiums are based on industry and data type, company size and revenue, cybersecurity measures, previous incidents, and coverage amount and deductible.
What's the average cyber insurance premium for small businesses?
Small businesses typically pay between $1,000-$5,000 annually for cyber insurance, depending on industry, data volume, and security measures. Tech and healthcare companies usually pay more due to higher risk profiles.
How much coverage do I need?
Coverage needs vary by business size and industry. Most small businesses start with $1M in coverage, while larger companies or those handling sensitive data may need $5M-$10M or more. Consider your potential breach costs and regulatory fines when determining coverage amounts.
Can I get a discount for having security systems in place?
Yes! Most insurers offer discounts for implemented security measures. MFA, encryption, firewalls, and regular employee training can reduce premiums by 5-30%. Having a documented incident response plan may also qualify you for additional discounts.
What's not covered under cyber liability insurance?
Typical exclusions include failure to maintain security standards, unpatched systems, insider fraud, and costs to improve security after an incident. Policy exclusions vary by insurer, so carefully review your policy terms and conditions.
Disclaimer: This estimator provides general premium and coverage estimates for cyber liability insurance. Actual rates depend on insurer underwriting, your business's cybersecurity practices, and regulatory environment.