Hospitality groups grab unbeatable cyber liability insurance quote now
Financial Considerations
The cost of cyber liability insurance can vary widely depending on the size of the business, the level of coverage required, and the company's risk profile. On average, small to medium-sized businesses can expect to pay between $1,000 and $7,500 annually for a cyber liability policy3. However, these costs are minimal compared to the potential financial impact of a cyber attack. Many insurers offer flexible payment options and the possibility to bundle cyber insurance with other business policies for additional savings.
By understanding the critical importance of cyber liability insurance and taking proactive steps to secure coverage, hospitality groups can protect themselves from the ever-evolving landscape of cyber threats. As you explore the specific resources and options available, you'll be better equipped to safeguard your business and ensure its longevity in the digital age.