Cyber insurance
In today’s digital world, freelancers rely heavily on technology — from client communication and cloud storage to online payments and digital tools. But with digital convenience comes digital risk. A cyber attack, data breach or system failure can have serious financial and reputational consequences. That’s why cyber insurance is becoming essential, even for small businesses and self-employed professionals.
What is cyber insurance?
Cyber insurance protects your business against the financial impact of cyber incidents. It covers costs related to data breaches, hacking, malware, ransomware attacks and even human errors that lead to system compromise or data loss.
Why is it important for freelancers?
Many freelancers think they’re “too small” to be targeted, but cybercriminals often attack smaller businesses precisely because they are less protected. If you store client data, use cloud services or process online payments, you’re already exposed to risk.
What does it cover?
• Costs of restoring lost or compromised data
• Notification and support costs for affected clients
• Ransom payments in case of ransomware
• Legal expenses and liability claims
• IT forensic investigations
• Business interruption losses (e.g. if your system is down for several days)
• Reputational damage control
Is it expensive?
Cyber insurance is surprisingly affordable, especially when compared to the potential damage a cyber incident can cause. If you combine it with a professional liability policy, you can get cyber coverage of up to €100,000 for just €259 per year.
Taking out the policy as a standalone or opting for a higher insured amount? Depending on the coverage you choose (€250 000 to €2 million) and your annual turnover, premiums range between €460 and €1 265 per year.
Feel free to contact us for a free, no-obligation quote tailored to your profession.