Is Cyber Insurance Required?
Cyber insurance is generally not required by law for every business, but a contract, lender, customer, or procurement program may require it.
The FTC advises businesses to identify legal, regulatory, and contractual cybersecurity obligations. Check signed agreements for a cyber limit, proof-of-coverage deadline, or renewal requirement.
Check signed agreements for required coverage lines, minimum limits, additional-insured or certificate language, renewal evidence, and notice duties. A certificate summarizes insurance; it does not amend the policy. If a contract calls for cyber coverage, compare its defined coverage and limit requirements against the quote and issued endorsements, and ask counsel or your broker about state- or industry-specific obligations.
