Protect 3PL Warehouses with Ultimate Cyber Liability Bundle
Real-World Examples and Cost Considerations
Several high-profile data breaches in recent years underscore the importance of robust cyber liability coverage. For instance, in 2021, a logistics company suffered a ransomware attack that halted operations for several days, resulting in millions of dollars in lost revenue3. Fortunately, their cyber liability insurance covered the ransom payment and associated recovery costs.
The cost of cyber liability insurance can vary widely based on factors such as the size of your business, the industry, and your risk profile. On average, premiums for small to medium-sized enterprises range from $1,000 to $7,500 annually4. It's crucial to weigh these costs against the potential financial impact of a cyber incident.
Taking the Next Steps
Protecting your 3PL warehouse from cyber threats is not just a wise investment—it's a necessity in today's digital landscape. By exploring different cyber liability bundles, you can secure your business's future and maintain the trust of your clients and partners. Don't wait for a cyber incident to occur; visit websites offering specialized options to find the right coverage for your needs.