Cyber insurance for small businesses is a specialized insurance policy designed to protect against the financial and legal consequences of cyber incidents, such as data breaches, ransomware attacks, or other forms of cybercrime. Key Points: Who it’s for: Small businesses of all types—especially those that store sensitive customer data, conduct online transactions, or rely on technology. What it covers: First-party costs: Data breach response (e.g., customer notification, credit monitoring) Business interruption due to a cyberattack Ransomware payments and extortion costs Data recovery and system repair Cyber forensics and investigation