Lowering Cyber Insurance Rates

Why Premiums Keep Rising

Insurers are tightening requirements as ransomware, phishing, and data breaches surge. Without strong controls in place, businesses face higher premiums, limited coverage, or even denial of coverage.

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What Insurers Look For

Most carriers now expect proof of:

Multi-factor authentication across critical systems
Regular data backups and tested recovery plans
Endpoint protection and patch management
Security awareness training for employees
Documented incident response and governance

How Strong Security Saves You Money

Investing in security controls reduces your risk profile and lowers your premiums. Organizations that demonstrate maturity in identity management, network security, and response planning are rewarded with lower rates and broader coverage options.

Take the Assessment

See How You Stack Up

Want to know if your business would qualify for lower premiums? Take our quick self-assessment to measure your readiness against insurer expectations. You’ll get a snapshot of strengths, gaps, and next steps to reduce both your risk and your costs.

Cyber Insurance Readiness Assessment

Do you have a documented cybersecurity policy that aligns with industry best practices?
Is multi-factor authentication (MFA) enabled across all critical systems?
Do you have an incident response plan that includes cyber insurance claim procedures?
Are your data backups encrypted, offsite, and regularly tested?
Do you perform employee cybersecurity training at least annually?
Have you conducted a risk assessment in the past 12 months?
Are your systems monitored 24/7 for security threats?
Do you use endpoint detection and response (EDR) solutions?
Have you reviewed your cyber insurance policy exclusions and coverage limits?
Are you meeting all insurer security requirements to avoid higher premiums?

Scoring:

8-10 Yes: You have strong security controls and should qualify for lower premiums.
4-7 Yes: Some improvements are needed to optimize your insurance costs.
0-3 Yes: You are at high risk—act now to improve security and reduce costs.

Cyber Insurance Premium Reduction Assessment

Have you implemented multi-factor authentication (MFA) across all accounts?
Do you have a zero-trust security model in place?
Are you using next-generation firewalls and intrusion detection systems?
Have you established a documented vulnerability management program?
Are your privileged accounts secured using Privileged Access Management (PAM) solutions?
Do you enforce role-based access controls (RBAC) and least privilege principles?
Are your endpoint devices protected with advanced EDR solutions?
Have you engaged in cybersecurity awareness training for all employees?
Do you conduct regular penetration testing and vulnerability scans?
Have you shared your security improvements with your insurance provider to negotiate lower premiums?