Cyber Insurance Readiness Services in Minnesota
Your Insurer Wants These 8 Controls. Do You Have Them?
Your IT Provider Isn't Responsible for Your Cyber Insurance
They don't.
While your MSP keeps your systems running, you're responsible for meeting insurer requirements and documenting compliance. Get help: call 651.448.9900
Why Twin Cities Businesses Struggle with Cyber Insurance
Insurers are demanding more security controls, but most Twin Cities businesses don't have the expertise or resources to implement them
Skyrocketing Premiums
Cyber insurance costs have increased 50-100% annually. Insurers demand stronger security controls to qualify for reasonable rates.
Complex Underwriting Requirements
Lengthy questionnaires, technical security requirements, and documentation standards that most businesses struggle to understand or implement.
Policy Denials & Coverage Gaps
Insurers denying coverage or excluding critical protections (ransomware, social engineering) if security controls aren't in place.
Required Security Controls
MFA, EDR, backups, email security, incident response plans - insurers mandate these controls but don't help you implement them.
Common Cyber Insurance Requirements
Most insurers require these security controls before issuing a policy or offering competitive rates
Source: Based on requirements from Coalition, Corvus, Cowbell, and other leading cyber insurers
Multi-Factor Authentication (MFA)
Required on all accounts with access to sensitive data or systems
Implementation Options:
Microsoft 365, Duo, or Okta MFA deployment
Endpoint Detection & Response (EDR)
Advanced threat detection beyond traditional antivirus
Implementation Options:
CrowdStrike, SentinelOne, or Microsoft Defender for Endpoint
Immutable Backups
Ransomware-proof backups that can't be encrypted or deleted
Implementation Options:
Veeam, Datto, or cloud-based immutable backup solutions
Email Security & Anti-Phishing
Advanced email filtering beyond basic spam protection
Implementation Options:
Proofpoint, Mimecast, or Microsoft Defender for Office 365
Security Awareness Training
Regular phishing simulations and security training for staff
Implementation Options:
KnowBe4, Proofpoint Security Awareness, or custom programs
Incident Response Plan
Documented procedures for detecting and responding to security incidents
Implementation Options:
Custom IR plan development and tabletop exercises
Vulnerability Scanning
Regular scans to identify and remediate security weaknesses
Implementation Options:
Tenable, Qualys, or managed vulnerability management
Privileged Access Management
Separate admin accounts with enhanced security controls
Implementation Options:
Microsoft Entra (Azure AD) Privileged Identity Management
Don't Have All These Controls?
Most businesses don't. We'll assess your current state, prioritize based on your insurer's requirements, and implement the controls that have the biggest impact on your premiums through our managed IT services.
Get Free Gap AnalysisHow We Help You Meet Insurance Requirements
End-to-end support from gap assessment through implementation and annual policy renewal
Insurance Requirements Assessment
1-2 weeksWe review your cyber insurance application and policy requirements, identify gaps in your current security posture, and create a prioritized remediation plan.
What You Get:
- Gap analysis against insurance requirements
- Risk assessment and scoring
- Prioritized remediation roadmap
- Cost estimates for required controls
- Policy comparison and recommendations
Security Controls Implementation
4-8 weeksWe deploy and configure the security controls required by your insurer, ensuring they meet underwriting standards and actually protect your business.
What You Get:
- MFA deployment (Microsoft 365, Google Workspace, VPN)
- EDR/XDR implementation and tuning
- Immutable backup configuration and testing
- Email security and anti-phishing deployment
- Network segmentation and access controls
Documentation & Evidence Package
2-3 weeksInsurers require proof you've implemented controls. We create the documentation and evidence package that satisfies underwriters and speeds approval.
What You Get:
- Security policy documentation
- Incident response plan
- Disaster recovery procedures
- Training completion records
- Control implementation evidence
Ongoing Compliance & Policy Renewal Support
OngoingCyber insurance isn't one-and-done. We provide quarterly reviews, maintain your documentation, and ensure you stay compliant for annual renewals.
What You Get:
- Quarterly security assessments
- Policy and procedure updates
- Renewal application assistance
- Incident documentation support
- Control validation and reporting
Why Choose BomberJacket for Insurance Readiness?
We understand both sides: insurance requirements AND practical security implementation
Insurance Expertise
We've help businesses navigate cyber insurance underwriting. We know what insurers look for and what documentation they require.
Practical Implementation
We don't just tell you what to do - we implement the security controls, configure them properly, and provide evidence packages for insurers.
Proven Premium Reduction
Our clients have seen significant premium reductions because of the teamwork that has been put in.
Frequently Asked Questions
Common questions about cyber insurance requirements and readiness
Do I really need cyber insurance?
If you store customer data, process payments, or rely on technology to operate, yes. Most businesses can't survive a $2M ransomware attack or class-action lawsuit from a data breach without insurance.
Will my general liability insurance cover a cyberattack?
No. General liability and even E&O policies specifically exclude cyber incidents. You need dedicated cyber insurance.
What's the difference between cyber insurance and E&O insurance?
E&O covers professional mistakes; cyber insurance covers data breaches, ransomware, business interruption from attacks, and regulatory fines.
Won't my IT provider's insurance cover me?
No. Your MSP's insurance covers their liability, not yours. You're responsible for your own security and compliance.
How much does cyber insurance cost?
Premiums vary widely based on your industry, revenue, security controls, and coverage limits. We've seen ranges from $1,500/year to $25,000/year for SMBs.
Can I get cyber insurance without MFA and EDR?
Not anymore. As of 2024, virtually all insurers require MFA and EDR (or equivalent) before they'll even quote a policy.
How long does it take to become insurable?
If you have no controls: 4-8 weeks to implement basics. If you have some controls: 1-2 weeks to document and fill gaps.
Do you help with the insurance application?
Yes. We review the application, answer technical questions, and provide documentation packages that insurers require.
Related Services
Cybersecurity Services
Comprehensive security beyond insurance requirements - endpoint protection, network security, incident response, and threat monitoring.
CMMC Compliance (Defense Contractors)
If you're a defense contractor, CMMC compliance is even more critical than cyber insurance. We're a C3PAO-authorized assessment organization.
Virtual Chief Security Officer
Need ongoing strategic security guidance? Our vCSO service provides executive-level security leadership without the full-time cost.
Ready to Reduce Your Cyber Insurance Costs?
Schedule a free consultation to review your insurance requirements and create a plan to lower your premiums while strengthening your security.