Cyber Insurance Cost & Coverage Gap Estimator
Estimate your annual cyber insurance premium range and identify potential coverage gaps. Get personalized recommendations based on your business profile and security posture.
High-Intent Cyber Insurance Calculators
Deductible Impact Calculator
See how different deductible levels affect your annual premium savings.
Ransomware Coverage Check
Verify if your policy covers ransom payments, recovery costs, and business interruption.
Renewal Cost Predictor
Estimate your next renewal premium based on market trends and your security improvements.
Social Engineering Estimator
Check if fraudulent transfer losses are covered under your cyber policy.
Business Profile
Security Measures
Coverage Preferences
Your Cyber Insurance Estimate
Premium Breakdown by Coverage
| Coverage Type | Est. Annual Cost | Typical Limit |
|---|
Coverage Gap Analysis
Recommended Actions
Security Improvement Roadmap
Understanding Cyber Insurance Costs
What Affects Your Premium
- Industry: Healthcare & finance pay 2-3x more than retail
- Revenue: Higher revenue = higher exposure = higher premium
- Data volume: More records = greater breach liability
- Security posture: MFA, backups, training reduce costs 15-30%
- Claims history: Prior incidents increase premiums significantly
Common Coverage Types
- First-party: Your direct losses from a breach
- Third-party: Liability to customers/partners
- Ransomware: Payment recovery and incident response
- Business interruption: Lost income during downtime
- Social engineering: Fraudulent transfer protection
Coverage Gaps to Watch
- War exclusions: Nation-state attacks may not be covered
- Unpatched systems: Known vulnerabilities can void claims
- Cloud provider limits: Shared responsibility gaps
- Waiting periods: BI coverage typically has 8-24 hour wait
- Sub-limits: Ransomware often capped at 25-50% of limit
Frequently Asked Questions
How much does cyber insurance cost for a small business?
For small businesses (under $5M revenue), annual premiums typically range from $1,500 to $7,500 for $1M coverage. Factors like industry, data volume, and security measures can shift this range significantly. Healthcare and financial services businesses often pay 2-3x more than retail or professional services.
What's typically excluded from cyber insurance?
Common exclusions include: acts of war/terrorism, unencrypted portable devices, known unpatched vulnerabilities, prior breaches not disclosed, criminal acts by insiders, and consequential losses beyond the policy scope. Always review exclusions carefully before purchasing.
Do I need cyber insurance if I have general liability?
Yes. General liability policies typically exclude cyber-related losses. A standard GL policy won't cover data breach response, ransomware payments, regulatory fines, or cyber-related business interruption. Cyber insurance fills these critical gaps.
How can I lower my cyber insurance premium?
Implement MFA everywhere, maintain offline backups, conduct regular employee training, document an incident response plan, encrypt sensitive data, and consider higher deductibles. These measures can reduce premiums by 15-30% and improve your risk profile with underwriters.
What's the difference between first-party and third-party coverage?
First-party coverage pays for your direct costs: breach response, notification, credit monitoring, business interruption, and ransomware payments. Third-party coverage protects against lawsuits from customers, partners, or regulators affected by a breach at your organization.
How much cyber insurance coverage do I need?
A common rule is coverage equal to 2-3% of annual revenue, but also consider: data breach cost per record ($150-250), regulatory exposure in your industry, contractual requirements with clients, and potential business interruption duration. Most SMBs start with $1M in coverage.
Disclaimer: This calculator provides estimates for informational purposes only based on industry averages and publicly available data. Actual premiums vary significantly by carrier, location, claims history, and specific business circumstances. This is not insurance advice. Consult with a licensed insurance broker for personalized quotes and coverage recommendations.