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Why cyber insurance applications are more detailed than ever

Why have applications changed?

Insurers have paid substantial claims following ransomware, supply chain attacks and AI-enabled fraud. As a result, they now assess the security controls businesses have in place rather than relying on simple yes or no answers. If your business handles sensitive data or client funds, expect more detailed questions.

The five areas insurers focus on

Immutable Backups

Insurers now expect backups to be immutable or air-gapped, protected from administrator accounts and tested regularly. Microsoft 365 retention alone is not considered a backup.

Multi-Factor Authentication

MFA should protect email, remote access and administrator accounts. Authenticator apps and hardware tokens are generally preferred over SMS.

Endpoint Protection

Traditional antivirus is no longer enough. Many insurers now expect Endpoint Detection and Response (EDR), with Managed Detection and Response (MDR) becoming increasingly common.

Wire Transfer Verification

Businesses moving money should have documented callback verification procedures and dual approval for high-value payments to reduce fraud.

Vendor Security

Expect questions about your key software suppliers and the security measures they have in place.

Answer honestly

Never overstate your security controls

If an insurer discovers that your business didn't have the protections declared on your application, they may refuse or even void a future claim. If a control isn't fully implemented, explain what is in place and provide a realistic timescale for completion.

Before you submit your renewal

Take time to:

Insurers increasingly expect MFA to protect:

  • Confirm MFA is enabled on critical accounts
  • Verify your backups are immutable and tested
  • Review endpoint protection across all devices
  • Check your payment authorisation procedures
  • Review the security of your key software providers
  • Update your incident response plan

Addressing these areas before renewal can improve your security and reduce delays during underwriting.

Unsure whether your business meets today's cyber insurance requirements?

If you're not confident your backups, Microsoft 365 security or cyber defences would satisfy a modern cyber insurance application, we can help.

At Sound Networks, we work with businesses across Wiltshire to assess their existing IT infrastructure, identify security gaps and implement the controls insurers increasingly expect, including immutable backups, multi-factor authentication, endpoint protection and disaster recovery planning. Whether you're preparing for your next renewal or simply want peace of mind that your business is protected, our team is here to help. Contact us today to arrange a no-obligation discussion and find out how we can strengthen your cyber resilience.

Watch Guard network security partner
Datto ticketing and management system
Huntress security partner
Dell Technologies and services
Hyper-V routing technologies
BitDefender defending your hardware
Microsoft 365 professional services
3CX VoIP phone systems
Veeam partner
Signable partner
Cyber Essentials Certification
Power Automate automation workflows
GTIA
Watch Guard network security partner
Datto ticketing and management system
Huntress security partner
Dell Technologies and services
Hyper-V routing technologies
BitDefender defending your hardware
Microsoft 365 professional services
3CX VoIP phone systems
Veeam partner
Signable partner
Cyber Essentials Certification
Power Automate automation workflows
GTIA
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