Only 38 percent of organizations are covered by data insurance, according to Spiceworks, a social exchange for IT services. The average total cost of a data breach ranges from $2.2 million to $6.9 million. Insurance coverage sometimes focuses on external hacks to the exclusion of inside jobs, accidents, service provider errors and other non-hacking causes. Insurance policies contain eight major flaws: They cover attacks or hacks, but may not cover accidents and errors.”]
Source: https://securityintelligence.com/are-you-really-covered-by-your-cyber-insurance/