Cyber Liability Insurance Calculator
Estimate your cyber liability insurance premium in seconds. Built for businesses that store customer data, process payments, or operate online. No email required.
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How Much Does Cyber Liability Insurance Cost?
Cyber liability insurance costs between $1,000 and $15,000 per year for most small to mid-size businesses. A small professional services firm with minimal data might pay $1,000–$2,500. A healthcare or financial services company with 100,000+ customer records can pay $10,000–$50,000 or more.
What Factors Affect Your Premium?
1. Industry
Healthcare and financial services pay the most because of regulatory exposure (HIPAA, PCI-DSS, SOX). Technology and e-commerce are moderate. Professional services with limited data are lowest.
2. Number of Records Stored
This is the single biggest factor. Insurers price based on the potential cost of a breach — and breach costs scale with the number of records exposed. 10,000 records is very different from 1 million.
3. Annual Revenue
Revenue is used as a proxy for business size and potential business interruption loss. Higher revenue means higher coverage limits are typically needed.
4. Security Controls
Businesses with MFA, endpoint detection, regular backups, and employee training get 10–30% discounts. Insurers increasingly require these controls as a condition of coverage.
Frequently Asked Questions
Is cyber liability insurance required?
Not by federal law, but many states now require it for businesses handling personal data. Many enterprise clients require their vendors to carry it as a contract condition. Healthcare and financial services are effectively required to carry it.
What does cyber liability cover?
First-party costs (forensics, notification, credit monitoring, business interruption, ransomware payments) and third-party costs (legal defense, regulatory fines, settlement of lawsuits from affected parties).
How can I lower my premium?
Implement MFA, endpoint detection and response (EDR), regular offline backups, employee phishing training, and a documented incident response plan. These controls can cut your premium by 20–40%.