How Much Does Cyber Insurance Cost?

A cyber premium is specific to the risk and coverage being quoted. Chubb says its premiums scale with the scope of coverage and limits; that is a description of Chubb’s products, not a market-wide rate formula. Insurers may ask about the business’s operations, information held, systems, vendors, and security practices when evaluating an application. A quote can also change with the requested limits, retentions, covered sections, and endorsements.

To compare proposals, use the same business details, policy period, limits, sublimits, retention, waiting period, retroactive date, and coverage options. Ask whether incident-response costs erode limits, what vendor outages qualify, and whether funds-transfer fraud is included or endorsed. Do not treat a low premium as equivalent protection unless the wording and exclusions also match.