---
title: "Is Cyber Insurance Worth It? (Spoiler Alert: It Is) - Get a Free Network Security Consultation in South Florida"
description: "Today’s businesses should have cyber insurance in their back pocket. Find out why, and what it can be used for."
url: "https://www.l7solutions.com/blog/is-cyber-insurance-worth-it-spoiler-alert-it-is"
date: "2026-06-20T02:56:34+00:00"
language: "en-GB"
---
## Get a Free Network Security Consultation in South Florida
Get a free network security consultation today from L7 Solutions. We are your partner for managed services & IT support in South Florida and beyond. Call today.
[ Categories ](https://www.l7solutions.com/blog/categories "Categories")
[ Tags ](https://www.l7solutions.com/blog/tags "Tags")
[ Categories: All Categories ](https://www.l7solutions.com/javascript:void(0); "Categories")
Search...Suggested keywords
[ x ](https://www.l7solutions.com/javascript:void(0);)
# Is Cyber Insurance Worth It? (Spoiler Alert: It Is)
[LSeven Solutions Blog](https://www.l7solutions.com/blog/categories/blog) [Security](https://www.l7solutions.com/blog/categories/security)
[LSeven Solutions Admin](https://www.l7solutions.com/blog/blogger/l7-admin)
Friday, 22 July 2022
[ 0 Comments ](https://www.l7solutions.com/blog/is-cyber-insurance-worth-it-spoiler-alert-it-is#comments)
[  ](//www.l7solutions.com/images/easyblog_shared/July_2022/07-22-22/cyberInsurance_502156962_400.jpg "Is Cyber Insurance Worth It? (Spoiler Alert: It Is)")
Insurance is a great asset, should you ever need it… including where your business technology is concerned. If you weren’t aware, there is a form of insurance—cyber insurance—that you can purchase in case your business suffers from a data breach.
Is this additional form of insurance worth the investment? Absolutely.
Let’s take a few moments and explore why you’ll be happy to have cyber insurance when the time comes
## What is Cyber/Cybersecurity/Cyber Liability Insurance?
Cyber insurance, like any other form of insurance, is meant to help cover the financial impacts of a given event. In this case, the event would be some kind of cyberattack.
It can be easy to underestimate the fallout that a cyberattack can have. Sure, there’s the immediate issue that the attack itself creates in terms of lost time and productivity, but there are plenty of other impacts and aftereffects that are also associated with these attacks as well.
For instance, if you’ve lost data, you could very well face significant fines from the government, on top of the definite lack of trust the general populous will likely feel toward your business once word gets out about your data loss event.
Then, you also have to consider how much it will cost to restore your business, fixing the systems that have been impacted and influenced by the attack. You need to account for all the business that the aforementioned lack of trust will lose you. You need to factor in the cost of all the notifications that you will need to send out to those impacted by your data breach.
This is a pretty, pretty penny… far more than you can realistically budget away in your IT costs.
Hence, cyber insurance.
### What Can Cyber Insurance Help Cover?
There are assorted needs that cyber insurance can help you to pay for, if need be, including:
- Notifying affected parties
- Resolving security issues
- Providing credit monitoring services for those impacted
- Extortion payments
- Expenses related to resuming your business practices
- Covering public relations costs
## Who Needs Cyber Insurance?
To put it in no uncertain terms: any business that stores or handles sensitive information, whether that’s financial data, medical information, contact details, or personally identifiable information.
**Don’t get us wrong**, we don’t hope that you ever have a need for cyber insurance—we just know it is better to be prepared. Having said that, we’re also here to help minimize the chances that you’ll ever need it.
Reach out to us to learn more about our comprehensive cybersecurity services by calling PHONENUMBER.
[ ](https://www.l7solutions.com/javascript:void(0);) [ ](https://www.l7solutions.com/javascript:void(0);) [ ](https://www.l7solutions.com/javascript:void(0);)
Tags:
[Data](https://www.l7solutions.com/blog/tags/data) [Security](https://www.l7solutions.com/blog/tags/security) [Disaster Recovery](https://www.l7solutions.com/blog/tags/disaster-recovery)
[ To Maintain Your Cybersecurity, You Need to Unders... ](https://www.l7solutions.com/blog/to-maintain-your-cybersecurity-you-need-to-understand-your-risks)
[ So, What the Heck is an NFT, Really? ](https://www.l7solutions.com/blog/so-what-the-heck-is-an-nft-really)
About the author
[  ](https://www.l7solutions.com/blog/blogger/l7-admin)
[LSeven Solutions Admin](https://www.l7solutions.com/blog/blogger/l7-admin)
[ ](https://www.l7solutions.com/javascript:void(0); "Subscribe to updates from author") [ ](https://www.l7solutions.com/javascript:void(0);) [ ](https://www.l7solutions.com/blog/blogger/l7-admin)
Welcome to LSeven's Blog! Here we will share useful tips and tricks for Computers and Information on Our IT Services!
Author's recent posts
[More posts from author](https://www.l7solutions.com/blog/blogger/l7-admin)
[ Tuesday, 30 June 2026 Stop Managing Metal, Start Managing People: A Guide to Hybrid IT ](https://www.l7solutions.com/blog/stop-managing-metal-start-managing-people-a-guide-to-hybrid-it)
[ Saturday, 27 June 2026 Free AI is Not Free: Why Public Tools Are a Security Risk ](https://www.l7solutions.com/blog/free-ai-is-not-free-why-public-tools-are-a-security-risk)
[ Thursday, 25 June 2026 Phishing is Getting Sophisticated: The New Threats Businesses Face ](https://www.l7solutions.com/blog/phishing-is-getting-sophisticated-the-new-threats-businesses-face)
Comments
No comments made yet. Be the first to submit a comment
**** Already Registered? [Login Here](https://www.l7solutions.com/component/users/login?return=aHR0cHM6Ly93d3cubDdzb2x1dGlvbnMuY29tL2Jsb2cvaXMtY3liZXItaW5zdXJhbmNlLXdvcnRoLWl0LXNwb2lsZXItYWxlcnQtaXQtaXM=&Itemid=101)
Saturday, 20 June 2026
Subscribe to the blog (Please fill in your email address to subscribe to updates from this post.)
**Captcha Image**
## Schema
```json
{
"@context": "https://schema.org",
"@type": "BreadcrumbList",
"itemListElement": [
{
"@type": "ListItem",
"position": 1,
"name": "Home",
"item": "https://www.l7solutions.com"
},
{
"@type": "ListItem",
"position": 2,
"name": "Blog",
"item": "https://www.l7solutions.com/blog"
},
{
"@type": "ListItem",
"position": 3,
"name": "LSeven Solutions Admin",
"item": "https://www.l7solutions.com/blog/blogger/l7-admin"
},
{
"@type": "ListItem",
"position": 4,
"name": "Is Cyber Insurance Worth It? (Spoiler Alert: It Is)",
"item": "https://www.l7solutions.com/blog/is-cyber-insurance-worth-it-spoiler-alert-it-is"
}
]
}
```