As human interaction and the global business market increasingly move online, the need for relevant insurance coverages is multiplying.
A digital blackout can cause frustration, especially when it affects sites that millions rely on daily, according to Baldwin Digital, a web design and digital marketing agency.
“Website outages can have widespread consequences, affecting businesses, content creators, and everyday users,” said Mark Baldwin, founder of Baldwin Digital.
“A single hour of downtime can cost companies millions in lost revenue and productivity,” he added. “As digital dependence grows, making sure sites remain stable is more important than ever.”
Digital insurance concerns
Streamlining claims procedures through technology is expected to push the insurtech market to $20.26 billion in 2025. By 2034, the sector is predicted to reach 958.85 billion at a compound annual growth rate of 53.5%.
Meanwhile, the cyber insurance market peaked at roughly $17.77 billion in 2024 and is projected to reach $21.67 billion in 2025.
“The cyber insurance market is ever changing with new insurance companies entering the market and others departing,” said Arthur Armstrong, a partner in Reed Smith’s insurance recovery group.
“Likewise, policy forms are continuously evolving to address new and different cyber risks,” he added. “Unfortunately, this has led to more exclusions and sublimits that negatively affect cyber coverage overall. A policyholder should work with an experienced broker to ensure that it is obtaining appropriate coverage with respect to scope and available policy limits.”
Also in 2024, the business interruption insurance market reached nearly $15.2 billion and is projected to make $33.61 billion by 2032 at a compound annual growth rate (CAGR) of 8.7%.
More than 8.5 million Microsoft Windows devices were affected worldwide by the July 19, 2024 CrowdStrike update error, which subsequently interrupted hospital systems and media outlets, booted banks offline, delayed thousands of flights and disrupted routine tasks and daily business transactions.
The slideshow above illustrates the websites most likely to crash in 2025 as selected by Baldwin Digital.
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