Cyber Insurance in 2025: What It Covers and Why It Matters For Global Organizations
Let’s start with a very simple question – what is cyber insurance?
Cyber insurance helps businesses manage financial and operational risks arising from cyber incidents – such as data breaches, ransomware attacks, or major IT disruptions. It typically covers:
- Data breach response: Notification, legal fees, forensics, credit monitoring
- Ransomware or extortion: Ransom payments or negotiation costs
- Business interruption: Lost revenue and extra expenses due to downtime
- Liability claims: Costs if third parties are affected by your breach
- Cybercrime or social engineering: invoice fraud or CEO scams, for example
It generally does not cover:
- Acts of war or state-sponsored cyber warfare
- Prior incidents known before policy start
- Criminal fines or punitive damages
Why Now Is the Time for Cyber Insurance
The cyber threat landscape is growing fast:
- Every 39 seconds, a business falls victim to a cyber breach – around 2,244 attacks per day
- American research and advisory firm Gartner estimates 45% of organizations will face software supply chain attacks in 2025
- The global average cost of a data breach in 2024 was US$4.88 million, and rising
- Small businesses (fewer than 1,000 employees) are heavily targeted: 46% of all breaches hit them, and 61% faced an attack in the last year
These are not just numbers – they represent real financial risks that can threaten business survival.
READ MORE >> Cybersecurity Statistics 2025: Rising Threats and Industry Impact
How Much Does It Cost?
For context, a US$25 million-turnover business might expect an annual cyber policy costing between US$12,000 and US$20,000, depending on:
- Industry risk
- Coverage limits (for example, US$2M–US$5M)
- Deductible levels (for example, US$5,000–US$25,000)
- Security posture and risk management practices
This is affordable protection against potentially crippling losses.
Why It Matters for International Schools and Global Organizations
- Schools handle sensitive data: student records, staff info, financials. A breach risks reputational damage and legal penalties, especially under GDPR or other privacy laws.
- Remote and third-party exposure: With remote work and reliance on vendors, cybersecurity risk multiplies.
- Business continuity is vital: Even a short outage can disrupt learning, admissions, payroll — impacting all stakeholders.
Cyber insurance isn’t just for IT teams – it’s a financial safety net and a key risk management tool.
Your Next Steps
- Conduct a risk review: Identify your sensitive data, key digital processes, and potential vulnerabilities (remote access, third parties, and so on).
- Get insured: Work with a broker to secure a policy that fits your structure.
- Partner for protection: Policies underwritten by our global insurance partners, brokered by One World Cover, come with support for incident response and post-event guidance.
Why Cyber Insurance Deserves a Place in Your Risk Strategy
Cyberattacks are no longer rare – organizations of all sizes must treat cyber risk like fire, flood, or theft. A well-designed cyber insurance policy doesn’t just protect your bottom line – it supports your broader risk management and organizational resilience. The cost is reasonable. The risk is real. The coverage is essential.
Ready to take the next step? Contact One World Cover to explore licensed, customizable cyber insurance solutions from trusted partners, including policies underwritten at Lloyd’s of London. We’ll help you assess your risk, benchmark your coverage, and get quotes that match your needs.
To learn more please get in touch: [email protected] or click here to contact us.
