Whether you’re managing project schedules in a construction firm, client records at an accounting practice, or patient data in a veterinary clinic, your business is a target. Cyber threats aren’t just for big corporations anymore. Small businesses—especially those with 15 to 75 employees—face increasing risks from cyberattacks. And the consequences can be devastating without the right protections in place.

Here are three compelling reasons why cybersecurity insurance is no longer optional:

• Data breaches are no longer just a big business problem
  Small businesses in industries like construction, financial services, and veterinary care are being targeted more frequently because cybercriminals see them as low-hanging fruit—valuable data, but often with weaker security. According to the Verizon Data Breach Investigations Report, nearly half of all data breaches involve small to midsize businesses.
• The financial fallout can be devastating
  For small businesses, the average cost of a cyberattack ranges from $120,000 to over $1 million depending on the breach’s scope. These costs often include legal fees, data restoration, notification of affected parties, regulatory fines, and business downtime. Cybersecurity insurance helps cover these damages and provides access to expert breach response teams—essential for businesses that can’t afford extended downtime or legal exposure.
• Your clients and partners expect it
  Today’s business ecosystem is interconnected. Clients and vendors don’t want to inherit your risk. More contracts require proof of cybersecurity insurance, and many industries (especially finance, insurance, and healthcare) have regulations that make it a prerequisite for working with larger firms. Even without formal requirements, having coverage shows that your business takes data security seriously, which builds trust and credibility—critical in service-oriented industries where client relationships are everything.

Cybersecurity insurance isn’t just about covering costs after a breach—it’s about protecting your reputation, meeting the expectations of clients and partners, and giving your business the resilience it needs in an increasingly hostile digital landscape.

Not sure if your business is properly protected? Schedule a 15-minute cybersecurity readiness call with us. We’ll help you understand your risk, what insurance providers look for, and how to strengthen your defenses. Contact us here: https://bit.ly/CBTech-contact

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