You should strongly consider cyber insurance if:
 Your business supports electronic transactions
 Your business stores sensitive personal information such as Social Security numbers, medical records or credit card information
 A six figure ransomware demand or BEC scam would threaten the viability of your business
Your first level of protection against cyber attacks should be the three T’s: technology, technical support and training. In combination, these three layers will minimize the chances of a cyber breach occurring in the first place.
However, these layers do not provide 100% protection. Should a breach occur, cyber insurance provides an important level of financial coverage.