Updated: February 13, 2026

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Best Cyber Insurance Companies For Small Businesses

Based on our research, most small businesses can find the best cyber insurance with these providers:

Chubb: Best Overall, Best for Coverage Depth and Claims Reliability
Hiscox: Best for Cyber Crime and Social Engineering Protection
Coalition: Best for Tech-Forward Businesses and Risk Management

These insurers balance competitive pricing, strong post-purchase support, and coverage options built for the most common cyber risks small businesses encounter. However, keep in mind that these choices are a starting point and your best cyber insurance company depends on your business's unique details like industry, location and firm size.


Chubb	4.66	Most affordable coverage for most small businesses by a large margin, a very flexible coverage selection and top service reputation for cyber insurance.
Hiscox	4.15	Best-in-class cyber crime and social engineering coverage that provide ideal protection for businesses with high exposure to funds transfer fraud and phishing attacks like consultants, accountants, lawyers and financial institutions like small banks.
Coalition	4.09	Great buying experience that matches you with a tailored policy and included cyber risk and protection services that are especially helpful for more tech-reliant or forward businesses.

For our overall best cyber insurance ratings, we analyzed pricing, coverage options, and customer experience across 408 industries and all 50 states and Washington, D.C. Our analysis focuses on businesses with up to 49 employees, which represent the vast majority of U.S. small businesses, while weighting results for broader industry and location representation.

We evaluated over one million business profiles, more than 1,000 customer experience data points, and performed in-depth analysis of coverage contracts, endorsements, and breach response terms to compare insurers consistently across industries and regions. We then rated each company across categories of affordability (50% of overall score), customer experience (30% of overall score), and coverage options and terms (20% of overall score) to form an overall rating.

For a detailed breakdown of the metrics, scoring methodology, and pricing analysis, see our full methodology.

95%

% of Small Businesses Covered

Over 300,000

Business Profiles Studied

Over 1,000

Customer Experiences Analyzed

Find The Best Cyber Insurance For Your Business

Select your industry and state to get a customized quote from your best cyber insurer match.

Industry

State

Best Overall, Best for Coverage Depth and Claims Reliability

Chubb

Chubb earned the top spot in our cyber insurance analysis for its combination of affordability, broad coverage, and strong claims handling. It offers the lowest average premiums of any provider we studied while also ranking first for customer experience and coverage depth, making it the most well-rounded option for businesses that want reliable protection without overpaying.

Where Chubb performs best:

Businesses that store sensitive customer data or operate in regulated industries (healthcare, financial services)
Companies that prioritize claims reliability and fair settlements
Small businesses with 1 to 49 employees wanting the broadest first-party and third-party coverage terms
Industries with higher cyber risk exposure where coverage depth matters more than buying speed

Where Chubb performs less competitively:

Businesses looking for the fastest, fully digital buying experience
Companies that want built-in active risk management tools like threat scanning and vulnerability alerts
Sole proprietors focused purely on the lowest possible premium with minimal coverage needs

Learn More: Chubb Insurance Review

No other cyber insurance provider in our analysis beats Chubb on price. With average rates of $68/mo, it saves businesses 18% or $15/mo compared to national benchmarks ($83/mo). Its affordability advantage is strongest for businesses with 1 to 4 employees and in industries with moderate to high cyber risk.

Chubb isn't the cheapest for every single business profile, and for sole proprietors with minimal coverage needs the pricing gap narrows. Below is where Chubb ranks first in affordability:
- General industries most often cheapest for: Healthcare & Medical, Financial Services, Tech/IT, Consulting Services, Retail & Product Rental, Marketing & Communications
- Employee counts most often cheapest for: 1 to 4 employees, 5 to 9 employees
- States/Regions most often cheapest in:
  - Northeast: Connecticut, Massachusetts, New Jersey, New York, Pennsylvania
  - South: Florida, Georgia, Maryland, Texas, Virginia
  - West: California, Colorado, Washington
  - Midwest: Illinois, Ohio, Michigan
Chubb ranks first overall for cyber insurance customer experience with a score of 4.30 out of 5. Its strongest area lies in claims handling, where businesses overwhelmingly report strong communication, timely resolution, and fair settlements. Its buying experience and policy management ranks second due to its longer policy processing times and lack of modern coverage managing tools.

If your primary concern is what happens after a cyber incident, specifically how quickly and fairly your claim gets resolved, Chubb is the strongest option.
Buying
4.29
2
Policy Management
4.17
2
Claims
4.36
1

No other provider in our study matches Chubb's coverage depth, which earned earned our top spot in our study of cyber insurance providers. Its coverage selections are much more customizable, allowing you to change deductibles and annual coverage amounts for both main coverage, sub-components and waiting periods easily when buying. The company also has the largest selection of add-ons for policies, allowing many businesses' specialized risks to be covered.

However, for those looking for more supportive risk management or cyber-crime services, other companies will likely have better programs for your small business. Many of Chubb's specialized services in these areas are reserved for those with over $2 million in annual revenue so many companies with smaller employee counts will not qualify.


Clarity and Customization	4.60	1
First-Party Coverages	4.80	1
Policy Strength and Inclusion of Modern Triggers	4.80	1
Third-Party Liability	4.60	1
Incident Response and Breach Services	4.70	2
Risk Management Value-Add	4.10	2
Cyber Crime (FTF / Social Engineering)	4.10	3

Best for Cyber Crime and Social Engineering Protection

Hiscox

Hiscox ranks second overall in our cyber insurance analysis with an overall score of 4.15 out of 5. Its primary strength is cyber crime and social engineering coverage, where it earned the top score among all providers. For businesses where funds transfer fraud, invoice manipulation, or employee-targeted phishing are top risks, Hiscox offers the strongest policy terms in this category.

Where Hiscox performs best:

Businesses with high exposure to social engineering, wire fraud, and phishing attacks
Companies in financial services, consulting, or professional services industries
Those willing to pay higher base premiums for stronger cyber crime protection
Owners who value balanced pricing without paying the highest premiums

Where Hiscox performs less competitively:

Businesses needing the deepest first-party or breach response coverage and flexibility
Companies wanting built-in active risk management tools or threat monitoring
Buyers expecting the fastest or most guided digital buying experience

Learn More: Hiscox Insurance Review

Our analysis ranks Hiscox second for cyber insurance affordability with average rates of $88/mo, which is 5% or about $4/mo above the national average of $83/mo. The pricing gap between Hiscox and Chubb is about $20/mo or $230/yr, though Hiscox is most price-competitive in professional services and consulting industries where its rates are closer to Chubb's.

For businesses where cyber crime coverage is the primary concern, that premium difference buys access to Hiscox's stronger social engineering terms. But if your cyber crime exposure is low and overall affordability matters most, Chubb's pricing advantage is hard to beat.
Hiscox ranks third across all three customer experience categories, making it the weakest of our three providers in this area. If post-purchase service is a high priority, especially claims handling after a breach, competitors like Chubb and Coalition perform better. Hiscox's customer experience is serviceable but not a differentiator.
Buying
4.09
3
Policy Management
3.97
3
Claims
3.86
3

With an overall coverage score of 4.13 out of 5, Hiscox ranks third among our providers but leads in the one area that increasingly matters for small businesses: cyber crime and social engineering protection. Its terms for funds transfer fraud, social engineering losses, and invoice manipulation are stronger than all competitors we studied.

Hiscox's weaker areas include first and third-party coverage selection customization, incident response capabilities and policy strength with inclusion of modern triggers. Its add-on selection is also much weaker with only media liability and terrorism coverage available.

Businesses whose primary cyber risk is financial fraud rather than data breaches will find Hiscox's coverage mix the best fit, but for broader protection, competitors offer more depth.


Cyber Crime (FTF / Social Engineering)	4.40	1
Risk Management Value-Add	4.10	2
Clarity and Customization	4.00	3
First-Party Coverages	4.20	3
Incident Response and Breach Services	4.20	3
Policy Strength and Inclusion of Modern Triggers	4.00	3
Third-Party Liability	4.00	3

Best for Tech-Forward Businesses and Risk Management

Coalition

Coalition ranks third overall with a score and leads in two areas that set it apart from traditional cyber insurers: active risk management and the buying experience. Its coverage includes built-in threat monitoring, vulnerability scanning, and risk scoring that go beyond what a standard policy covers.

For businesses that want ongoing cyber risk reduction alongside their insurance and more tech forward firms like those in IT or marketing, Coalition is the strongest option. However, keep in mind that the company is a brokerage and can only be purchased through partner insurance companies, not directly.

Where Coalition performs best:

Tech-forward businesses that want active threat monitoring and vulnerability alerts alongside coverage
Companies looking for the fastest, most guided digital buying experience
Businesses in tech/IT, marketing, and digital services where cyber risk management tools add the most value
Owners who prioritize prevention alongside financial protection after an incident

Where Coalition performs less competitively:

Indirect buying through partner insurers such as ERGO NEXT and The Hartford
Cost-sensitive businesses since Coalition is the most expensive provider in our study
Companies that prioritize claims handling above all other factors
Businesses with low digital exposure that won't benefit from active risk management tools

At $94/mo on average, Coalition is our third-ranked and most expensive provider for cyber insurance affordability, 12% or about $10/mo above the national average. Though, this higher premium does include something the other providers don't: built-in risk management tools with active threat monitoring, vulnerability scanning, and a risk score for your business at no extra cost.

Businesses in higher-risk industries (tech/IT, financial services, healthcare) where these tools prevent incidents may recoup the premium difference through reduced exposure. But if your business has low digital complexity and you're focused on the most affordable coverage possible, other providers will be more cost effective.
Coalition leads the buying experience category due to their extensive coverage matching quote process that allows you to get matched with coverage limits that actually cover your likely risk. Their policy management is also much more modern than established insurers, allowing you to both manage your policy and your actual data breach risks through their mobile and website resources easily.

However, their claims experience is weaker compared to competitors due to their brokerage model and your service will vary depending on the insurer underwriting your policy and the MSP (managed service provider) providing cyber risk management and breach protection services.
Buying
4.49
1
Policy Management
4.27
1
Claims
4.06
2

Coalition ranks 2nd overall for coverage depth in our study with its best performance in their risk management and incident response services that are included as part of every cyber insurance policy. The company specializes in cybersecurity first and partners with local managed service providers (MSPs) in your area to provider personalized service and remediate any issues that come about. On the more direct insurance side, the breadth of coverage selections is widest with the company, but this primarily depends on the insurer they are working through.

The main drawback is their brokerage model making getting covered and understanding terms more indirect. Each cyber security service and insurance coverage is provided by third parties (a traditional insurer for underwriting and a MSP for security services).


Risk Management Value-Add	5.00	1
Incident Response and Breach Services	4.80	1
First-Party Coverages	4.50	2
Policy Strength and Inclusion of Modern Triggers	4.40	2
Clarity and Customization	4.20	2
Cyber Crime (FTF / Social Engineering)	4.20	2
Third-Party Liability	4.20	2

What Determines The Best Cyber Insurance For You

The best cyber insurance isn't defined by a single factor. The strongest providers balance affordability, customer experience, and coverage options across a wide range of business profiles. Three areas matter most when evaluating which insurer fits your business.

Affordability Across Your Risk Profile

Cyber insurance pricing varies more by industry than almost any other business coverage type, and the most affordable provider overall won't always be cheapest for your specific profile .Providers that price competitively across a wide range of industries, states, and employee counts tend to offer more pricing stability as your business grows or changes.

Coverage That Matches Your Cyber Exposure

Most small businesses need both first-party coverage (breach notification, forensic investigation, business interruption, cyber extortion) and third-party coverage (lawsuits, regulatory fines, claims from affected customers). Where providers differ most is in specialized areas:

Cyber crime and social engineering: Providers vary between standard inclusion, separate add-ons, or crime policy integration with sublimits of $10,000-$250,000, and differ significantly on covering wire transfer fraud, business email compromise, and authentication requirements that can exclude coverage entirely.
Policy strength and modern triggers: Some insurers use narrow "security failure" language covering only cyberattacks, while others include broader "system failure" terms for accidental outages and administrative errors, with additional variations in ransomware limits, business interruption waiting periods (6-12 hours), and vendor failure coverage.
Risk management value-add: Traditional insurers offer only post-incident response, while newer providers integrate proactive services for continuous vulnerability scanning, threat alerts, dark web monitoring, and security training directly into policies as ongoing protection rather than reactive claims processing.

Breach Response and Claims Support

Cyber claims require forensic response, legal counsel, and regulatory notification within hours or days, not weeks. Businesses storing sensitive data or processing payments should weigh breach response, claims handling and proactive prevention service heavily.

Claims handling: Insurers differ in 24/7 hotline availability, response time commitments (some guarantee contact within 15 minutes to 24 hours), and whether they provide immediate incident guidance at zero deductible before formal claims are filed, which can significantly impact containment and recovery outcomes.
Incident response: Some insurers mandate use of their pre-approved vendor panels for forensics, legal counsel, and ransomware negotiation while others allow policyholder choice with panel requirements potentially limiting flexibility but often providing pre-negotiated rates and vetted expertise.
Proactive breach prevention services: Claims support varies from purely reactive (responding only after incidents occur) to proactive models offering breach readiness assessments, tabletop exercises, incident response planning, mobile apps with real-time threat alerts, and continuous monitoring to prevent claims before they happen.

How to Choose The Best Cyber Insurance

Choosing the best cyber insurance comes down to confirming which factors matter most for your business and understanding how insurers differ across those areas. The step-by-step process here can help you narrow your options without starting the comparison process over.

1
Assess Your Cyber Risk Profile
Start by identifying what types of cyber risk your business actually has. Ask yourself:
- Do you store customer personal data, health records, or financial information?
- Do you process credit card payments or wire transfers?
- Do your operations depend on digital systems, cloud services, or third-party software?
- Have you or businesses like yours been targeted by phishing, ransomware, or social engineering?
- Do contracts, clients, or regulations require you to carry cyber insurance?
If your business stores sensitive data and processes payments, you'll need broad first-party and third-party coverage with strong incident response. If your primary risk is funds transfer fraud or employee-targeted phishing, social engineering coverage should be a top priority. And if you have low digital exposure but need a policy for contract requirements, a standard policy with competitive pricing may be enough.
2
Choose your primary priority
Once your risk profile is clear, decide which factor will matter most over the next year:
- Affordability if keeping costs predictable is your main concern
- Customer experience if you expect to file claims, request certificates, or need fast post-breach support
- Coverage depth if your risks are complex, regulated, or likely to change
This priority becomes your main tiebreaker between otherwise strong providers.
3
Shortlist Two Providers
Based on your risk profile and primary priority, narrow your list to two providers. For most small businesses, the decision comes down to one of these pairings based on our top provider list:
- Chubb vs. Coalition: broadest coverage at the best price (Chubb) vs. active risk management and the fastest buying process (Coalition)
- Chubb vs. Hiscox: overall value and claims support (Chubb) vs. stronger cyber crime and social engineering terms (Hiscox)
- Hiscox vs. Coalition: social engineering protection with mid-range pricing (Hiscox) vs. proactive threat monitoring at a higher cost (Coalition)
4
Check for Dealbreakers Before Requesting Quotes
Before investing more time, confirm each provider on your shortlist can meet your non-negotiables:
- Required coverage limits for contracts or client agreements
- Certificate of insurance and additional insured availability
- Specific endorsements your industry or clients require (social engineering, regulatory defense, business interruption)
- Preferred service model (fully digital, agent-supported, or hybrid)
5
Compare Your Finalists Using the Same Three Lenses
For the providers that remain, compare them consistently across:
- Affordability for your specific industry, state, and employee count, not just overall averages
- Customer experience across buying, policy management, and claims, not just one stage
- Coverage options for the risks that match your profile, not just the total number of features
  Using the same lenses helps you avoid being swayed by one strong feature while missing a weakness that matters for your business.
6
Use Quotes as the Final Confirmation
Once you've identified your best-fitting providers, request quotes to validate pricing and availability for your specific business details. Quotes work best when used to confirm a good cyber insurance choice, not to decide between many unfamiliar options.

Best Small Business Cyber Insurance: Bottom Line

Chubb, Hiscox, and Coalition lead our rankings for cyber insurance, but your ideal provider depends on your industry, cyber risk profile, and coverage priorities. You'll get the best value by assessing your specific cyber risks, comparing two providers using the same coverage limits, and weighing affordability alongside breach response and coverage depth rather than focusing only on price.

Best Cyber Insurance For Small Business Chart

Best Cyber Insurance For Small Business: Next Steps

If you're choosing cyber insurance for a small business, the most effective next step is to shortlist one or two of the top providers above and confirm pricing and availability using the same coverage limits.

This helps you validate affordability for your specific business while avoiding misleading comparisons based on different policy assumptions.

If You Want to Confirm Cost Before Deciding

If price is still a major factor, reviewing typical cost ranges can help set expectations before requesting quotes.

Research average cyber insurance costs by business type
Understand what factors most influence cyber insurance pricing
Look into the cheapest cyber insurance providers

If You're Unsure How Much Coverage You Need

If you're not confident a standard policy is enough or worry about buying too much, clarifying your cyber risk exposure can prevent gaps or unnecessary expense.

Learn how much cyber insurance coverage your business may need
Review common contract and client cyber insurance requirements

If You Want to Understand What Cyber Insurance Covers

If you're still building foundational knowledge about what a cyber policy includes and excludes, these resources can help you evaluate providers with more confidence.

Read our guide on what cyber insurance is and how it works
Understand what cyber insurance covers and doesn't cover

If You're Ready to Check Quotes Now

Once you've identified a strong provider fit, checking quotes is the fastest way to confirm eligibility and pricing for your exact business details.

Compare cyber insurance quotes using the same limits
Validate coverage terms before making a final decision

Find The Best Cyber Insurer For Your Business

Select your industry and state to get a customized quote from your top cyber insurance match.

Industry

State

How We Chose the Best Cyber Insurance Companies

To identify the best cyber insurance companies for small businesses, we evaluated major cyber insurers across pricing, customer experience, and coverage options using a standardized, data-driven method. Our goal was not to identify the cheapest option in every scenario, but to determine which providers offer the most consistent overall value across common small business profiles.

Our best recommendations reflect insurers that perform well across multiple dimensions and remain competitive across industries, states, and business sizes. We excluded providers that did not offer transparent pricing information to avoid recommending providers with incomplete information as well.

Data and Analysis Scope

Our analysis is based on standardized estimates designed to represent the majority of U.S. small businesses:

Providers analyzed: 10 major cyber insurers (3 qualified for our ratings due to pricing transparency variation)
Industries covered: 408 industries
Geography: All U.S. states (including Washington, D.C.)
Employee counts: 0 to 49 employees (representing roughly 95% of small businesses)
Pricing modeled: Over 300,000 standardized estimates
Customer experiences analyzed: Over 1,000 data points

Modeled average revenues and payrolls were incorporated to improve pricing accuracy. Our analysis focuses on 1-to-4-person businesses, which represent nearly half of U.S. small businesses, while weighting results for broader industry and location representation.

Our Scoring Model

Each insurer received a composite score based on weighted categories as follows:

Affordability (50% of overall score): How competitively and consistently an insurer prices cyber insurance across all business profiles studied, measured against national benchmarks by industry, state, and employee count.
Customer experience (30% of overall score): How well insurers support businesses throughout the policy lifecycle, including buying (quote speed, underwriting transparency, coverage guidance), policy management (digital tools, certificate access, coverage changes), and claims (communication, resolution timeliness, dispute resolution, settlement fairness).
Coverage options (20% of overall score): How well insurers support common small business cyber risks and allow for flexibility, evaluated across seven sub-categories: clarity and customization, cyber crime and social engineering, first-party coverages, incident response and breach services, policy strength and modern coverage triggers included, risk management value-add, and third-party liability.

About Blest Papio

Blest Papio is a Content Producer at MoneyGeek specializing in small business insurance. With five years of experience in insurance and finance writing and hands-on perspective as a former business counselor, he understands the risks that come with running a business and what it takes to protect against them.

Blest focuses on commercial auto, cyber, property and specialty business insurance. He digs deep into policy details, regulations and provider offerings so businesses can find the coverage they need and avoid financial fallout. His goal is to translate technical insurance language and insurer offerings into guides you can act on.

Whether you're insuring company vehicles, managing cyber liability or protecting your commercial property, Blest aims to guide you through your risks to help you find coverage you truly need, not sell you a policy.

Read Full Bio »


Buying	4.29	2
Policy Management	4.17	2
Claims	4.36	1


Buying	4.49	1
Policy Management	4.27	1
Claims	4.06	2

Best Cyber Insurance Companies

Best Cyber Insurance Companies For Small Businesses

Find The Best Cyber Insurance For Your Business

Best Overall, Best for Coverage Depth and Claims Reliability

Chubb

Chubb Cyber Insurance Affordability

Chubb Cyber Insurance Customer Experience

Chubb Cyber Insurance Coverage Options and Terms

Best for Cyber Crime and Social Engineering Protection

Hiscox

Hiscox Cyber Insurance Affordability

Hiscox Cyber Insurance Customer Experience

Hiscox Cyber Insurance Coverage Options and Terms