Cyber Insurance doesn’t replace strong cybersecurity; it supports it. Your internal IT controls help prevent incidents, while insurance helps manage the financial and operational fallout if something still goes wrong.
Cyber Insurance can provide:
- Financial protection if your business suffers a cyber incident
- Access to expert services such as forensic IT, legal support, and crisis management
- Help with breach response and regulatory notification obligations
Insurers usually require you to have key protections in place before cover is issued. These may include:
- Multi-factor authentication
- Regular data backups
- Endpoint protection
- Staff awareness training
Your IT provider plays an important role in ensuring your systems meet these minimum requirements.
Together, cybersecurity measures and insurance provide a more complete risk management solution.
If you’re unsure whether your business qualifies for cover or want help assessing your risk, contact us and we’ll walk you through the options.