If your business stores data, processes payments, uses email, or basically exists online—you need to be thinking about cyber insurance.
But here’s the kicker: it’s not as simple as signing up and calling it good.
Insurance companies want to know that you’ve done your part to reduce risk. That’s where readiness comes in.
Let’s walk through what you need to have in place before you apply (and what might be missing if you already have a policy but haven’t revisited it in a while).
Why Cyber Insurance Matters
Data breaches, ransomware, phishing scams—cyberattacks can cause serious damage. We’ve seen businesses lose tens of thousands of dollars (or worse) in downtime, legal fees, and recovery costs.
Cyber insurance can help cover:
- Incident response and forensic investigation
- Customer notification costs
- Legal liability
- Business interruption
- Data recovery and more
But only if your claim isn’t denied due to “insufficient precautions.”
Are You Ready for Cyber Insurance?
Here’s a checklist to get you started. These are the kinds of things insurers look for (and may even require):
- Multi-Factor Authentication (MFA)
Especially on email, remote access, and admin accounts. - Strong Endpoint Protection
Modern antivirus isn’t enough—you need layered security. - Backups That Are Tested
Backups should be encrypted, offsite or cloud-based, and tested regularly. - Employee Security Awareness Training
Most breaches happen due to human error. Training shows you’re reducing risk. - Patch Management
Are your systems and software up to date? No one wants to insure an unpatched mess. - Incident Response Plan
If something goes wrong, do you know what to do—and who’s in charge? - Secure Remote Access
If employees work from home, your VPN and remote tools need to be locked down.
Common Mistakes That Get Claims Denied
- Incomplete or outdated policies
- “We didn’t know that was required”
- Using free or outdated security tools
- Ignoring phishing simulations or training
- Assuming insurance will cover anything and everything
We Can Help You Prepare
DS Tech works with businesses every day to:
- Audit current security tools and gaps
- Implement the protections insurers want to see
- Create real, usable plans and documentation
- Make sure you’re not just insured—but insurable
Cyber insurance is a safety net. But you need a solid platform to stand on first.
Let us help you build that foundation.
