06/12/2026
Many small businesses still underestimate cyber threats, believing they are too small to be targeted. This is when cybercrime happens, when your business is least prepared. A single cyberattack can put a small business at serious financial and legal risk. Financially, an attack can lead to ransomware demands, lost revenue during downtime, system repairs, data recovery costs, and reputational damage that drives customers away. And legally, the impact can be just as severe. If customer, employee, or vendor data is compromised, your business may face legal fees, regulatory fines, mandatory breach notifications, or lawsuits. In some cases, a single incident can trigger a chain of expenses and legal obligations that could force your business to shut down. Given the rise of AI-driven threats, cyber insurance is a must to protect your business. A PrimeService Broker can help you understand your risks and find coverage that fits your needs.