Cyber insurance, lessons were learned

Hi everyone, I hope you can help me with this.

I have a small SaaS business, and I [might] have messed up.

When I started the business a while back, the hoops I had to jump through were immense, and Cyber Insurance was honestly not on any of my lists.

Needless to say, it bit me real hard, and I am out of pocket with more than $22K due to a breach I had where I had to hire outside counsel because I had no cover.

Could you please share with me the amount of cover you would suggest one gets to be fully covered? I would really value any tips in this regards.

Thanks

Author: Economy-Win7762