Cyber Insurance Guide: What Businesses Need to Know About Coverage

⚡ Key Takeaways

• {'point': 'MFA and EDR are prerequisites for coverage', 'detail': 'Modern underwriters require multi-factor authentication, endpoint detection, and tested backups as minimum security controls before issuing policies.'} 𝕏
• {'point': 'War exclusions create coverage gaps for state attacks', 'detail': "Many policies exclude nation-state attacks under war clauses. Understand your policy's exclusions and negotiate clearer language where possible."} 𝕏
• {'point': 'Insurance complements but does not replace security', 'detail': 'Cyber insurance transfers residual risk after controls are in place. Strong security programs both reduce premiums and ensure coverage is available when needed.'} 𝕏