59 percent of businesses do not have cyber coverage, with the top three reasons being: their business risk profile does not warrant coverage (42 percent); the premiums are too expensive (36 percent); or they felt that the risk is sufficiently handled internally (27 percent).
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Publication Title: Small business, big risk: Lack of cyber insurance is a serious threat

Source Link:
https://www.iii.org/white-paper/small-business-big-risk-lack-of-cyber-insurance-is-a-serious-threat-101818

Publication Year: 2018