Cybersecurity insurance is quickly becoming a must-have risk offset for businesses of every size. One-third of U.S. businesses have cybersecurity insurance, and the market is expected to grow to $14 billion by 2022. In 2017, cybersecurity insurance carriers only paid out 32% of premiums, and this was a less than they paid out in the prior year (48%) The cost for most businesses is relatively low, usually just 1% to 3% of what businesses pay for other insurance coverages.”]