What cybersecurity insurance options are available for eCommerce platforms?

What cybersecurity insurance options are available for eCommerce platforms?

There are several options for cybersecurity insurance tailored for eCommerce platforms, including general liability, data breach coverage, and business interruption insurance. Would you like to know more about a specific type?

Yes, can you explain data breach coverage?

Data breach coverage helps protect your business from the financial fallout of a data breach, including legal fees, notification costs, and credit monitoring for affected customers.

How much does cybersecurity insurance typically cost?

The cost of cybersecurity insurance can vary widely based on factors like the size of your business, the type of coverage, and your risk profile. On average, small businesses might pay between $1,000 to $7,500 annually.

What steps can I take to reduce my insurance premium?

To reduce your premium, you can implement strong cybersecurity measures, conduct regular security audits, and maintain a good claims history. Insurers often offer discounts for these practices.