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The cost of cyber liability insurance can vary significantly based on several factors, including:
Business size and industry: Larger businesses or those in high-risk industries, like finance or healthcare, may face higher premiums.Level of coverage: More comprehensive policies will naturally cost more than basic ones.Security measures in place: Businesses with robust cybersecurity protocols may benefit from lower premiums.On average, small businesses can expect to pay between $1,000 and $7,500 annually for a cyber liability policy2.
