Cyber Insurance Made Affordable
NCSS has partnered with PSA Insurance and Financial Services to help our members gain access to cyber insurance policies that are affordable and tailored to your specific business situations. NCSS strongly recommends that your business be protected from the costs of a cyber incident or data breach by purchasing a cyber insurance policy. In order to help your business plan for this expense, PSA has provided the profiles and premium estimates cited below.
All premium estimates are based on cyber insurance policies with an annual aggregate limit of $1,000,000, with a $5,000 deductible.
Business A:
$836/YR
Business B:
$1254/YR
Business C
$2721/YR
Business D
$1254/YR
Next Steps
If you are interested in learning more about what a cyber insurance policy will cost for your unique business situation, click on the “Get Started Now” button below. This will take you to a short questionnaire PSA Insurance will use to generate the estimated premium for your cyber insurance policy. PSA has access to a number of insurance companies – the best in the business – so you can benefit from obtaining a policy that meets your specific needs.
Get Started Now:
https://www.psafinancial.com/
If you would like to learn more about cyber insurance, see our Fact Sheets and FAQs listed here:
Cyber Insurance
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Cyber Insurance FACTs
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Cyber Insurance FAQs
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The NCSS understands that it is difficult to find cybersecurity products and services tailored to the needs of the small business owner. The team at the NCSS researches these services to find products that are affordable and provides advice on how to deploy these products. These efforts are provided as part of our educational mission, and in no way does the NCSS receive any type of commission on the products we identify. As a business owner, you can research similar products in the marketplace – and if you find another product that is helpful, please share with the broader NCSS community. We are here to keep each other cyber safe!
| Business Type | Company Profile | Estimated Annual Premium |
|---|---|---|
| Physicians Practice | · Annual Revenue = $5,000,000 · 25,000 Sensitive Data Records · Processes around 10,000 credit card transactions annually but all transactions are processed by a 3rd party payment processor that is Payment Card Industry Data Security Standard (PCI DSS) Compliant | $2,266 per year |
| BIZ “C” Wealth Management Firm | · Annual Revenue = $8,000,000 · <100,000 Sensitive Data Records · Processes a moderate amount of credit card transactions using a PCI DSS Compliant 3rd party payment processor | $2,721 per year |
| BIZ “B” Retail Clothing and Shoe Store | · Annual Revenue = $1,000,000 · <2,000 Sensitive Data Records · Processes around 75,000 credit card transactions per year and is PCI DSS compliant | $1,254 Per Year |
| Law Firm | · Annual Revenue = $12,000,000 · <100,000 Sensitive Data Records · Processes a small amount of credit card transactions using a PCI DSS Compliant 3rd party payment processor | TBD |
| BIZ “D” Community Services Non-Profit | · Annual Revenue = $75,000 · <100,000 Sensitive Data Records · Accepts donations made by credit card using a PCI DSS compliant 3rd party payment processor. | $1,254 Per Year |
| Commercial Printer (Manufacturing sector) | · Annual Revenue = $3,000,000 · 10,000 Sensitive Data Records | $979 Per Year |
| BIZ “A” HVAC Contractor | · Annual Revenue = $2,500,000 · 1,000 Sensitive Data Records · Processes a small amount of credit card transactions using a PCI DSS Compliant 3rd party payment processor | $836 Per Year |