Meet Cyber Insurance Requirements Reduce Premiums by 15-30%
Carriers denied 21% of cyber insurance claims in 2023 for non-compliance. Petronella Technology Group helps businesses meet every technical requirement insurers demand, reducing premiums by 15-30% in the process.
Top 5 Carrier Requirements
Meeting these controls is the difference between a paid claim and a denied one.
MFA on all remote access and privileged accounts
Endpoint detection and response (EDR) on every device
Immutable or air-gapped backups with tested restoration
Written incident response plan with defined roles
Documented employee security awareness training
Cyber Insurance Readiness Services
Insurance Gap Analysis
We map your current controls to your specific carrier questionnaire and prioritize gaps by risk and cost.
MFA and EDR Deployment
Full implementation of multi-factor authentication and endpoint detection across all systems. Required by 95% and 89% of carriers respectively.
Backup Verification
Immutable, air-gapped backups with documented restoration testing. We configure, test, and provide the evidence your underwriter needs.
IR Plan and Training
Written incident response plan with tabletop exercises plus security awareness training with documented completion rates.
Frequently Asked Questions
What are the most common cyber insurance requirements?
MFA on all accounts, EDR on every device, immutable backups, written IR plan, and employee security training. 95% of carriers require MFA, 89% require EDR, 76% require verified backups.
Why are cyber insurance claims denied?
21% of claims denied in 2023 for three reasons: misrepresented security posture, failure to maintain attested controls, or breach from a known unpatched vulnerability considered negligence.
How can I reduce my premiums?
Deploying MFA across all systems, implementing EDR with monitoring, maintaining immutable backups, running phishing simulations, and having a tested IR plan typically yields 15-30% premium reduction.
Does CMMC or HIPAA help with insurance?
Yes. CMMC Level 2 covers 110 controls, roughly 70% of which overlap with carrier requirements. HIPAA compliance covers similar ground for healthcare. We address both in a single engagement.
Related Resources
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