Cyber liability cover - What are the options for small to mid-sized businesses?

Despite attention-grabbing headlines suggesting cyber breach is a concern for the global corporations, there is no organisation immune to cyber liability. Many small to mid-sized businesses have been targeted by cyber thieves, and there is no industry insusceptible to such attacks.

Yet cyber liability coverage, particularly for the small to middle market business, seems sized for the larger, multinational organisations. Limits often exceed what a smaller enterprise would need, and premium costs could, in some cases, outpace the exposure.

Designed for brokers and risk professionals, this article focuses on how a cyber liability endorsement provides a good option for smaller organisations to obtain the coverage they need at a price that makes sense.