How Much Does Cyber Insurance Cost? A Breakdown of Pricing and Coverage

The Expert Podcast

Overview:

• The cost of cyber liability insurance typically ranges from $300 to $800 per year for small independent contractors or professional companies with revenues of $1 million or less.
• Coverage generally includes protection against hacking, ransomware, and potentially third-party claims.
• Costs may vary depending on the industry and specific risk factors.

Additional Insights:

• Cyber policies may also involve network scans to identify and rectify any unsafe practices or vulnerabilities.
• General liability policies might include some cyber coverage, but it could be limited and have numerous exclusions. Comparing it with a standalone cyber liability policy is advisable.

Further Assistance:

• For personalized advice, visit Actual Human.com for a live one-on-one private video consultation with an expert in cyber liability insurance.

Call to Action:

• If you found this video helpful, check out other videos on our channel for more information on related topics that could assist you with your cyber security needs.