Hiscox Small Business Cyber
📍 Available in: US / UK
★★★★★ 4.7 / 5.0
Hiscox specializes in commercial insurance designed specifically for small businesses, solopreneurs, and professional services firms. Their small business cyber insurance protects against data breaches, ransomware negotiations, computer system restoration, and regulatory penalties under state and federal privacy laws.
Key Facts at a Glance
| Cost / Fee Structure | From $45 - $150/mo ($540 - $1,800/yr) |
| Coverage / Loan Limit | $250,000 to $2,000,000 |
| Deductible | $1,000 - $5,000 |
| Credit / Eligibility | Simplified Small Business Questionnaire |
| Terms Available | Annual Policies |
Pros & Cons
✓ Pros
- ✓Fast online purchase in less than 10 minutes with zero complex IT audits
- ✓Affordable starting premiums for consultants, agencies, and small e-commerce stores
- ✓Can easily be bundled with General Liability and Professional Liability (E&O)
- ✓A+ rating from A.M. Best
✕ Cons
- ✕Maximum policy coverage limit is $2 Million
- ✕Excludes complex multi-national cloud infrastructure exposures
Key Features
Tailored for SMBs with under 50 employeesRansomware & Extortion CoverageCustomer Notification & Credit Monitoring CostsRegulatory Defense & Fines (GDPR/CCPA/HIPAA)Digital Forensic Investigation Included