Protect Wealth with Cyber Liability Insurance’s Ransomware Benefits

Evaluating the Costs

While the cost of cyber liability insurance varies depending on several factors such as the size of the business, industry, and risk profile, it generally ranges from $1,000 to $7,500 per year for small to medium-sized enterprises². This investment can be invaluable when considering the potential costs of a ransomware attack, which can reach millions of dollars. Businesses should carefully assess their specific needs and risk exposure to determine the appropriate level of coverage.