Why Every Company Needs Cyber Insurance

In February 2026, the global insurance broker Acrisure announced that it is expanding its activities in the field of cyber insurance. In addition to its focus on large enterprises, Acrisure is now adding programs for small and medium-sized businesses (SMBs). As part of this business move, the broker launched a platform called Acrisure Connect, designed to market and tailor cyber insurance policies for small to mid-sized businesses.

One of the key reasons for this expansion is recent changes to the cyber insurance market. According to the website The Hacker News, large corporations are no longer the primary victims of cyberattacks. Today, small and medium-sized businesses face the greatest exposure, accounting for 70.5% of data breaches in 2025. As these businesses often lack the awareness and resources needed to deal with hacking attempts, they have become easy targets for cybercriminals.

The Various Dangers of Cyberattacks

Without the proper resources, it is extremely difficult to defend against cyberattacks. These attacks can originate from a wide range of sources – computers, mobile phones, and smart devices such as security cameras – and take many forms, including phishing, ransomware, DDoS attacks, and more. For additional information from Madanes magazine, click here.

Even companies without online commercial activity are exposed to risks, such as breaches of email accounts or damage to the supply chain. Each supply chain is only as strong as its weakest link, meaning that attacks on small businesses can serve as a gateway to larger organizations connected to them: customers, suppliers, partners, etc. For example, an attack on a company that operates payment processing software can impact all businesses using said software.

Regardless of the source of the breach, the consequences of a cyberattack can be devastating:

• Financial losses due to ransom demands
• Shutdown of websites and servers
• Deletion of critical data
• Exposure of confidential information
• Damage to the business’ reputation

To prevent a business from collapsing in the event of an attack, it is strongly recommended to secure appropriate cyber insurance with coverage for all potential exposures.

Cyber Insurance for Businesses – A Safety Net for Small and Medium-Sized Companies

When a business has cyber insurance, the financial damages resulting from a breach or attack are covered by the insurance provider. However, it is crucial to purchase a policy that is tailored to the specific needs of the business. Many companies are unaware of the scale of the risk and purchase a basic policy with low liability limits and without the types of coverage needed to handle a data breach effectively.

To provide optimal protection, Madanes offers a comprehensive cyber insurance policy that includes:

• “First aid” incident response within the first 48 hours, including support from top-tier experts in information security, legal consulting, and crisis management
• Liability coverage for privacy violations and data leaks
• Coverage for ransom demands
• Compensation for loss of income
• Reputation protection
• And more

Since businesses today rely on networks and computer systems for their basic operations, and thus are vulnerable to cyberattacks, it is highly recommended to be prepared and purchase suitable cyber insurance. Whether you run a startup, a private clinic, or a clothing store, our representatives at Madanes would be happy to meet with you and tailor the policy and coverage to the specific needs of your business.