Even a small breach can be costly in terms of notifying customers, handling the public relations fallout, paying legal fees and covering other non-IT costs. Cyber insurance doesnt diminish the importance of protecting your endpoints from cyberthreats, but it certainly can help you cover all your bases. Some vendors have insurance policy add-ons to your traditional business liability insurance, while others bundle in protection as part of a computer or smartphone security application. With Armors Cyber warranty, for instance, youll receive a $100,000 warranty backed by an insurance company.”]
Source: https://securityintelligence.com/is-it-time-to-buy-cyber-insurance/