ReportsBusiness CaseVisibilityComplianceFebruary 13, 2024
Cybersecurity Game Plan for Cyber Insurance Before You Buy, Negotiate or Renew
Learn how to audit your security controls against the 12 key requirements cyber insurers demand, positioning your organization for better coverage terms and lower premiums. This guide walks you through strengthening your risk posture before negotiating or renewing your cyber insurance policy, directly addressing insurer expectations.
What you'll learn
- Evaluate your organization against 12 critical security requirements insurers mandate
- Identify and remediate security gaps that could increase insurance costs
- Negotiate better coverage terms by demonstrating improved security controls
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Cybersecurity Game Plan for Cyber Insurance Before You Buy, Negotiate or Renew
Frequently asked questions
- What are the 12 key security requirements cyber insurers mandate?
- Insurers evaluate organizations across 12 critical security controls including asset inventory, access management, vulnerability remediation, and incident response capabilities. ORDR's guide outlines each requirement so you can assess your current posture and identify gaps before underwriters do.
- How can demonstrating security controls reduce my cyber insurance premiums?
- Insurers offer better rates and broader coverage to organizations with strong, documented security controls because they present lower risk. By remediating the gaps this guide identifies, you can negotiate from a position of strength and show underwriters your commitment to risk reduction.
- What should I audit before renewing my cyber insurance policy?
- You should evaluate asset inventory completeness, access controls, patch management, backup processes, and incident response procedures against insurer expectations. ORDR's checklist helps you systematically review these areas so you can address deficiencies before your renewal conversation.
Related resources
This resource is published by ORDR, the connected asset security company. ORDR delivers AI-powered visibility, risk assessment, and automated protection for IoT, OT, and IoMT devices across healthcare, manufacturing, government, and financial environments. Browse all resources →