While there is no overarching state law in Florida that mandates all businesses carry cyber liability insurance, it is frequently required by contract. For example, a major client or partner may require you to have a policy in place before signing a deal to ensure their data is protected. Additionally, for industries that handle sensitive data governed by regulations like HIPAA (healthcare) or PCI-DSS (finance), having a policy is considered a fundamental part of your compliance and risk management strategy.