Cybersecurity insurance is becoming a racket for large enterprises, but for small businesses it might be the only thing keeping them alive after a breach. I consulted for a 40-person law firm that paid $8,000 a year for coverage, and when ransomware hit, the insurer covered the $120,000 recovery—while my own employer with a $2 million policy got denied for 'failure to implement MFA' that their own IT team never configured. That asymmetry feels like the industry is just price-gouging fear rather than rewarding real security posture, so is the premium ever worth it for a mid-sized company that already has decent backups?