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Cyber Insurance Calculator

Cyber cover sized against the records you hold and what a breach would cost to handle.

Your numbers

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$
Notification, credit monitoring, forensics, legal.

Result

Cover worth considering $1,500,000
Estimated cost of a full breach $1,320,000
Estimated annual premium $18,000
Business interruption exposure $92,308
Premium as a share of revenue 0.75%
Handling a breach of 8,000 records could cost $1,320,000, plus $92,308 of interruption, so a limit around $1,500,000 is worth discussing at roughly $18,000 a year.

An estimating tool, not insurance advice and not a quote. Underwriting sets real premiums on factors no calculator sees. What cover is appropriate is a question for a licensed broker. Per-record response costs vary widely by industry and by what data was exposed, and the figures published in breach studies are averages across very different incidents. Cyber policies differ more than most lines in what they actually cover: ransomware payments, social engineering fraud, and regulatory fines are each sometimes included, sometimes excluded and sometimes sub-limited. Read the wording rather than the limit.

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Questions

About this calculator

Does cyber cover ransomware?

Sometimes, and increasingly with conditions: required security controls, sub-limits, and in some cases exclusions for payments to sanctioned parties. It is the coverage area changing fastest.

We are small. Do we need it?

Small businesses are targeted precisely because their controls are weaker, and the response costs do not scale down proportionally. Notification and forensics have substantial fixed components.

The formula

breach cost = records x cost per record x industry factor; limit adds business interruption exposure

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Estimating is the easy part

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