SMBs are increasingly being required by insurance carriers to implement specific cybersecurity controls or risk losing coverage. Insurance companies use attestation documents with questions about MFA, endpoint protection, EDR, and RMM usage to determine coverage eligibility. However, the lack of universal cybersecurity standards makes these requirements vague and confusing for IT professionals. Frameworks like CIS Controls, NIST Cybersecurity Framework, and the government's CMMC are likely to become benchmarks for insurers. The key takeaway is that detection and response capabilities (EDR/MDR) are often the most critical missing layer for businesses, and having them in place helps satisfy insurance requirements.
Table of contents
How Does Insurance Normally Reduce Risk?How Do Insurance Companies Know What Security Policies SMBs Should Have?How Insurance Decides Who to Cover and by How MuchWill There Be More Definitions in the Future?So How Do We Start Bringing Back Balance to This Scale?1 Impression