Cyber Insurance Cost by Industry

Industry Is One of the Biggest Price Factors

AdvisorSmith’s study, which modeled a $1 million revenue business with a $1 million coverage limit and $10,000 retention across 39 industries, found real, consistent price differences by sector.

Highest-Cost Industries

• Payment processing: about $2,449 a year
• Financial services (other): about $2,429 a year
• Investment services
• Law firms
• Insurance

These industries handle high volumes of sensitive financial data, process large transactions, or carry professional liability exposure that compounds cyber risk, all of which push premiums up.

Lowest-Cost Industries

• Transportation and logistics
• Administrative services
• Manufacturing and industrial
• Auto dealers
• Construction and contractors: about $1,070 a year

These industries generally handle less sensitive customer financial data directly, which shows up in lower average premiums, even though the attack vectors (like business email compromise targeting contractor payments) are still real.

Why Your Industry Page Matters

We’ve built dedicated pages for the industries we see the most, each with the real regulatory context and attack patterns specific to that trade. If you want the detail for your exact industry rather than the general ranking, see Who We Insure.