Cyber Liability Calculator

Use our free & anonymous Cyber Liability Calculator to estimate the financial impact to your business from a cyber incident (including ransomware, data breaches and human error).

Knowing your total cyber liability is a key first step toward gaining confidence in your cyber insurance coverage and making informed decisions about your information security.

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1Calculator Inputs
2Risk Quantification Results
This field is for validation purposes and should be left unchanged.
Display currency only — not part of the Excel model. All Calculator amounts are modeled/calibrated in USD and then converted for display using the same static exchange rates as the legacy script.html reference (CAD 1.0, USD 0.73, GBP 0.74, AUD 1.52). This is independent of Base Currency (Excel L18), which is only a client-facing CAD/USD label driven by “Do you conduct business outside of Canada?” and never actually converts any number. Changing this selector does not affect any Excel formula, only how computed results are displayed.
Enter in millions (Excel cell C2, e.g. 30 = $30,000,000). Unit column D2 = “Millions”.
Enter as a whole-number percent (Excel cell C3, e.g. 5 = 5%). Unit column D3 = “%”.
Native Gravity Forms Calculation field. Excel formula (C4): =(C2*1000000)*(C3*0.01)/(50*5)
Drives the currency shown on Total Potential Liability (Risk) on page 2 (Excel L18: =IF(C5=”Y”,”USD”,”CAD”)).
List sourced from the ‘Industry AR & AP’ worksheet (Excel data validation on C6).
Calculated via JavaScript (not a native GF Calculation field): Excel formula (C7) = VLOOKUP(Industry, ‘Industry AR & AP’!A2:C11, 2, FALSE) * (Revenue*1,000,000). Gravity Forms calculation formulas do not support VLOOKUP/lookup tables, so this is reproduced with an equivalent lookup table in custom JavaScript.
Calculated via JavaScript (not a native GF Calculation field): Excel formula (C8) = VLOOKUP(Industry, ‘Industry AR & AP’!A2:C11, 3, FALSE) * (Revenue*1,000,000). Same VLOOKUP limitation as the A/R field above.
Excel cell C10.
Excel cell C11.
Excel cell C13.
Excel cell C14. Not used in any Calculator formula (per workbook author’s note on K14: business clients are intentionally excluded from the PII record count).
Applicable Security & Privacy Legislation/Frameworks
(Check all that apply). Excel cells C16:C28 / labels D16:D28. Drives “Potential Regulatory Fines?” on page 2 (Excel K24: =IF(COUNTIF(C16:E28,”TRUE”)<>0,”YES”,”NO”)).

Gain confidence in your cyber insurance coverage

Knowing your total cyber liability is a key first step for insurance. In conducting an insurance review for a client, we found that their policy limits were less than 10% of the potential costs involved in a breach. Our Cyber Insurance Compliance Review helps ensure your coverage and premiums align with your organization’s true risk profile.

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Cyber Liability Calculator FAQ’s:

How do we calculate the results?

The calculations in this Cyber Liability Calculator use a variety of sources, including:

When a range has been provided, we set the calculation to the lowest value of the range in order to be conservative.

⚠️ Use this calculator to help your business estimate potential losses from a cyber incident. It does not estimate cyber insurance premiums, and the results should not be considered exact or actual loss calculations.

Why did we create this calculator?

In conducting a cyber insurance review for a client, we identified that their policy limits were less than 10% of the potential costs involved in a breach. The client’s insurance agent had sold them a policy available without knowing how to quantify cyber risk.

So, we created this calculator to help businesses estimate the potential financial impact from a cyber incident. While this isn’t a cyber insurance cost calculator, this is useful for preparing for a cyber insurance application or renewal.

Does this tool tell me how much cyber insurance will cost?

No. This calculator does not estimate cyber insurance costs or premiums.

But, this tool does help you make informed decisions about how much cyber insurance coverage you might need. While this calculator does not estimate cyber insurance premiums, it does estimate potential losses from a cyber incident – a key first step in understanding your total liability. This is important because your business should ensure that both coverage and premiums accurately reflect your risk profile. But keep in mind that the results should not be considered exact or actual loss calculations.

What is cyber liability?

Cyber liability refers to the legal and financial responsibilities businesses face in the event of a cyber attack, data breach, or other security incidents. It encompasses the financial risks associated with protecting sensitive data, maintaining the security of digital systems, and ensuring compliance with regulations.

⚠️ Use this calculator to help your business estimate potential losses from a cyber incident. It does not estimate cyber insurance premiums, and the results should not be considered exact or actual loss calculations.

What is cyber liability Insurance? (Also referred to as cyber insurance)

Cyber liability insurance, or cyber insurance, helps organizations cover the costs related to information security incidents, such as legal fees, data recovery, business interruption, and any resulting damages. Essentially, it provides financial protection and support in the aftermath of cyber-related incidents or breaches.

Reach out to Birmingham Consulting for help with crunching the numbers!

Chat with our team and include what you want to focus on from your Cyber Liability Calculator results – and don’t forget to send the results to your email (bottom of Page 2) to have handy!

Use this calculator to help your business estimate potential losses from a cyber incident. It does not estimate cyber insurance premiums, and the results should not be considered exact or actual loss calculations.

Book a Consultation