Transform Manufacturing Risk Now with Cyber Liability Quote
Financial Implications and Cost Considerations
The cost of cyber liability insurance varies based on several factors, including the size of the company, industry, and specific coverage needs. On average, small to medium-sized manufacturers can expect to pay between $1,000 and $7,500 annually for a policy with a $1 million coverage limit4. While this may seem like a significant investment, the potential cost savings in the event of a cyber incident can be substantial, often exceeding the policy premium many times over.