How Much Cyber Insurance Do I Need?
Your cyber limit should cover modeled response, restoration, downtime, liability, and sublimits at a loss size your business could not absorb.
Your cyber limit should reflect the breach-response costs, restoration expense, interruption loss, and liability your business could face in a severe but plausible event. FTC guidance recommends matching coverage to the data and systems the business relies on.
Compare that estimate with the aggregate and any lower sublimits for extortion, funds-transfer fraud, interruption, and response services. Account for the retention, waiting period, defense costs, dependent-system coverage, restoration period, and whether multiple losses aggregate into one event.
