Cyber Insurance Is No Longer Optional—Here’s Why (and How to Save Up to 30%)
Not long ago, cyber insurance was considered a nice-to-have—something only large corporations or data-rich industries thought they needed.
That’s changed.
Why Cyber Insurance Is Now a Must-Have
Whether you’re a law firm, CPA office, healthcare practice, or small logistics company—if you use email, store data, or accept payments online, you’re a target.
And increasingly, insurance providers, regulators, and even your clients expect you to carry coverage.
Here’s the problem: Most cyber insurance claims are denied—not because the business didn’t have coverage, but because they didn’t meet the hidden technical requirements.
What’s Changed in Cyber Policies?
Carriers have seen a surge in ransomware, phishing, and business email compromise (BEC) claims—and they’ve responded by raising their standards.
Modern policies now require specific cybersecurity controls, including:
- Multi-Factor Authentication (MFA)
- Next-gen endpoint protection (EDR/XDR)
- Regularly tested data backups
- Documented Incident Response Plans (IRPs)
- Employee security awareness training
- Log retention and proof of compliance
Miss one of these—and your claim may be denied or delayed. If you can’t prove you were protected before the breach, the insurer may walk away.
The Good News: The Right Setup Saves You Money
At mPowered IT, we help businesses implement the exact cybersecurity controls insurers look for—and we do it in a way that pays off.
Most of our clients:
- Qualify for better coverage
- Avoid costly policy exclusions
- Save up to 30% on cyber insurance premiums
We speak the language of underwriters—so your business doesn’t have to guess what counts as “compliant.”
Bonus: It’s Also Good for Business
- Trust: Clients and partners are increasingly asking about your security posture. A well-built cyber policy builds confidence.
- Continuity: Cyber policies don’t just protect against hacks—they can help fund recovery and protect operations.
- Peace of Mind: Know where you stand before something happens—not after.
Ready to Find Out Where You Stand?
We offer a free Cyber Insurance Readiness Review. No pressure. No jargon. Just a clear roadmap to protection and savings.
We work with internal IT teams or deliver a full-stack solution. Learn more about co-managed IT or book your free review below.