Cyber liability insurance

The average premium for cyber liability insurance is about $145 per month. Your exact cost will depend on several factors, including the type of data you handle and your policy limits.

Cyber threats like denial-of-service attacks and phishing can hurt your reputation and your bottom line. Follow these steps to protect your business and your clients against cyber crime.

In lost revenue and data, the cost of a DDoS attack on your tech business or your client’s business can escalate quickly. In fact, the average small to medium-sized business spends $120,000 per attack.

Third-party cyber liability insurance provides liability coverage for businesses, including tech companies, that handle other people's sensitive data.

First-party cyber liability insurance helps cover expenses resulting from a data breach or cyberattack on your business's own network.

Business data stored in a digital format online or on a hard drive are considered digital assets.

Cyberextortion is an online crime in which hackers hold your business data hostage or disable your websites or computer systems until you pay a ransom.

Technology errors and omissions insurance (tech E&O) and cyber insurance are two forms of protection against cyberattacks for small businesses. While tech E&O focuses on cybersecurity errors that harm your clients, cyber insurance offers financial coverage for breaches that directly affect your business.