Why Cyber Insurance Is Essential for Small Businesses

When small business owners think about cyberattacks, they picture major corporations like Target or Equifax making headlines. However, in reality, small businesses are increasingly targeted by cybercrime and often experience devastating financial consequences. Even among those businesses that are aware of today’s cyber risks, 64% believe their operation is too small to be an attractive target for cybercriminals, according to a 2025 study by Coalition.1

Small Business, Big Target

According to the Coalition study, 43% of cyberattacks are directed at small businesses. Why? Smaller organizations typically have fewer security resources, weaker or outdated infrastructure, and limited dedicated IT staff. Hackers are aware of these vulnerabilities and exploit them. The result can be devastating, from system shutdowns to stolen data, reputational damage, customer distrust, and six-figure losses.

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