Question 1

How much does cyber insurance cost for a small business?

Accepted Answer

For most small businesses, cyber-liability premiums commonly range from roughly $900 to $7,500+ per year for $1M in coverage, depending on revenue, industry, the limit you buy, and — importantly — your security controls. Higher-risk industries (healthcare, finance, legal) and weaker controls push the number up; strong controls (MFA, EDR, tested backups, an incident response plan) push it down. This estimator gives an illustrative range; a licensed broker gives the real quote.

Question 2

What affects a cyber insurance premium the most?

Accepted Answer

Revenue and data exposure, your industry's loss frequency, the coverage limit you choose, and your security posture. Controls matter enormously: insurers now require MFA, managed endpoint detection, tested backups, and an incident response plan — missing any of these can raise your premium or get the application declined outright.

Question 3

Is this a real cyber insurance quote?

Accepted Answer

No. It is an illustrative estimate built from published industry benchmark ranges, for planning only. Actual premiums depend on your full application, claims history, and the specific carrier. Only a licensed broker can provide a binding quote.

Cyber insurance premium estimator