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How Much Does Cyber Insurance Cost? A Breakdown of Pricing and Coverage
Manage episode 433141275 series 2911349
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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.
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