Reasons SMEs purchase cyber insurance U.S. 2018

Published by
Jennifer Rudden,
Jan 11, 2022
This statistic shows the leading reasons why SMEs purchase cyber insurance in the United States in December 2018. In December 2018, 21 percent of the respondents said that SMEs purchase cyber insurance for contract compliance reasons.

Leading reasons why SMEs purchase cyber insurance in the United States in December 2018

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Source

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Release date

February 2019

Region

United States

Survey time period

October 2017, May 2018 and December 2018

Special properties

insurance agents and brokers

Supplementary notes

Question: "what motivated SMEs to purchase cyber insurance?"
The source adds the following information: "respondents were from a range of brokerage firms, regional agencies to the largest global brokers, wholesale and retail, whose clients range from small and medium-sized businesses to Fortune 100 companies across all industries."
The source does not specify the number of respondents or the type of survey carried out.

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