Cyber Insurance is Changing – Is Your Business Prepared?
Once a niche policy, cyber insurance is now becoming a requirement for doing business — especially in industries where data, compliance, and uptime are critical.
But here’s the catch: cyber insurers are tightening up.
Payouts are harder to get. Premiums are rising. And underwriters now expect your business to meet stricter cybersecurity standards — or risk being denied coverage altogether.
At Beyond, we help businesses prepare not just to get insured — but to stay insurable.
Why Cyber Insurance Matters
Cyber insurance helps protect your business financially if you experience:
A data breach
Ransomware or malware attacks
Business email compromise
Legal and compliance fines
Business interruption from cyber incidents
It’s a critical safety net, but it only works if your policy pays out.
What’s Changing in Cyber Insurance?
Insurers have taken massive losses from rising ransomware attacks and data breaches. In response, they’re doing three things:
Raising premiums across the board
Tightening policy terms with more exclusions
Mandating strong cybersecurity controls before issuing or renewing policies
In short: if your security isn’t up to par, your insurer may decline your application, exclude claims, or deny coverage when you need it most.
What Insurers Are Looking For Now
Most cyber insurers now require evidence of:
Multi-Factor Authentication (MFA)
Regular security patching
Endpoint Detection & Response (EDR)
Data backup and disaster recovery
Privileged access management
Staff security awareness training
Incident response planning
These are no longer “nice-to-haves” — they’re non-negotiable.
Cyber Essentials: A Trusted Baseline
The UK’s Cyber Essentials framework is increasingly seen as a benchmark for meeting minimum cyber hygiene standards.
It covers:
Secure configuration
Access control
Malware protection
Patch management
Firewalls and network security
At Beyond, we help our clients achieve and maintain Cyber Essentials certification — which not only improves security but can also strengthen your cyber insurance application and lower premiums.
How Beyond Helps You Prepare
We proactively work with your business to ensure you meet and exceed insurer expectations by:
Reviewing and hardening your systems
Implementing required controls (like MFA and EDR)
Providing user training and phishing simulations
Maintaining audit-ready logs and documentation
Creating business continuity and incident response plans
Whether you’re renewing a policy, applying for new coverage, or responding to an underwriter’s checklist, we’ve got your back.
Final Thoughts
Cyber threats aren’t going away — and insurers know it. To protect your business and keep your safety net intact, you need to show that you’re serious about cybersecurity.
If you're unsure whether your business would pass an insurer's review today, it’s time to act.
Ready to make the jump to a more secure business?
Let’s talk about how we can assess your cyber readiness, implement best practices, and help you stay insurable in an evolving threat landscape.