Cyber Liability Insurance

Data Breach Protection for the Digital Age

One data breach. $4.45 million in damages. Could your business survive?

The Real Cost of a Cyber Attack

A dental practice thought their basic business policy covered cyber attacks. They were wrong. When ransomware hit, they paid $85,000 in ransom, lost $32,000 in revenue during 4 days of downtime, faced HIPAA violations, and spent months rebuilding their reputation.

Their "cyber coverage"? A $50,000 sublimit buried in fine print.

The gap cost them $197,000 out of pocket.

The Cyber Threat Is Real—and Growing

43%

of cyber attacks target small businesses

$4.45M

average data breach cost (IBM 2023)

60%

of small businesses close within 6 months of breach

300%

increase in ransomware demands YoY

21 Days

average downtime after attack

$0

covered by standard business insurance

What Cyber Liability Insurance Covers

First-Party Coverage (Your Losses)

  • Ransomware & Extortion

    Ransom payments, negotiation, cryptocurrency fees

  • Data Recovery & Restoration

    IT forensics, data restoration, system rebuilding

  • Business Interruption

    Lost revenue during downtime, extra expenses

  • Notification & Credit Monitoring

    Customer notification, credit monitoring services

  • Crisis Management

    PR firm, crisis communication, reputation management

Third-Party Coverage (Liability)

  • Privacy Liability

    Defense costs, settlements, regulatory defense

  • Network Security Liability

    Malware transmission, unauthorized access claims

  • Media Liability

    Copyright infringement, defamation claims

  • Regulatory Fines

    HIPAA, PCI DSS, state privacy law violations

Who Needs Cyber Liability Insurance?

Every business that handles sensitive data needs cyber coverage. If you have a computer and an internet connection, you're at risk.

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Healthcare

💰

Financial

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Retail

⚖️

Professional

🏭

Manufacturing

🎓

Education

❤️

Nonprofits

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Any Business

Real-World Cyber Attack Scenarios

The Ransomware Nightmare

A 50-employee manufacturer clicked on a phishing email. Within hours, ransomware encrypted their entire network—including backups. The attackers demanded $250,000 in Bitcoin.

Without Cyber Insurance:

Paid ransom + $75K recovery + $400K lost revenue. Nearly bankrupted.

With Cyber Insurance:

Ransom covered, forensics paid, business interruption covered. Paid only deductible.

The Data Breach Lawsuit

A medical practice's patient database was accessed. 8,000 records exposed. Required notification and credit monitoring by law.

Without Cyber Insurance:

$180K notification + $120K monitoring + $400K lawsuit + $50K HIPAA fines = $750K+

With Cyber Insurance:

All costs covered. Crisis management handled. Practice survived.

Why Choose PCFG for Cyber Insurance?

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Expertise in Cyber Risk

We work with carriers who specialize in cyber coverage—not just add it as an afterthought.

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Pre-Breach Services

Risk assessments, employee training, incident response planning, vulnerability scanning.

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Post-Breach Response

24/7 breach hotline, pre-vetted forensics, experienced breach counsel, crisis communication.

Understanding Cyber Insurance Costs

Typical annual premiums based on business size:

Small business ($1M revenue) $1,500 - $3,000/year
Mid-size ($10M revenue) $5,000 - $15,000/year
Average breach cost without insurance $4.45 million

The investment is minimal compared to the potential loss.

Don't Wait for the Ransom Note

Every day without cyber coverage is a day you're gambling with your business's survival. The 60% of small businesses that close after a breach all thought "it won't happen to me."

Our cyber specialists will assess your exposure and design coverage that actually protects you.