Protect Manufacturing Profits With Unbeatable Cybersecurity Insurance Solution
Types of Cybersecurity Insurance Coverage
When exploring cybersecurity insurance options, it's essential to understand the different types of coverage available:
- Network Security Liability: This covers liabilities arising from a failure of network security, such as data breaches and unauthorized access.
- Privacy Liability: This protects against liabilities related to the mishandling or unauthorized disclosure of personal information.
- Business Interruption: This covers loss of income due to a cyberattack that disrupts normal business operations.
- Data Recovery: This helps cover the costs associated with restoring lost or compromised data.
Financial Implications and Cost Considerations
The cost of cybersecurity insurance varies based on several factors, including the size of your business, the type of data you handle, and your current cybersecurity measures. On average, small to medium-sized businesses can expect to pay between $1,000 and $7,500 annually for a basic policy1. However, investing in this type of insurance can save you from potentially devastating financial losses in the event of a cyberattack.