Ransomware can lock you out of your systems.
Data breaches can expose private customer information.
Your website could go down because of a DDoS attack.
When that happens, the financial effects are immediate: lost income, legal fees, forensic investigations, damage to reputation, fines, and more.
That’s why businesses of all sizes need cyber attack insurance—to protect your digital infrastructure just like you protect your building from fire or flood.
But cyber insurance alone isn’t enough. Many policies have strict requirements. Without basic cybersecurity, claims may be denied.
This article explains what cyber attack insurance covers (and doesn’t), what insurers expect, and how a Managed Security Services Provider like Wyrdex can help you meet those expectations and lower your risks before an attack ever happens.
What Is Cyber Attack Insurance?
Cyber insurance, also known as cyber liability insurance, protects your business from financial losses caused by cyber incidents.
This includes:
- Data breaches
- Ransomware attacks
- Business email compromise
- Phishing and social engineering
- Malware infections
- DDoS (Distributed Denial-of-Service) attacks
Depending on your policy, it may also include:
- Forensic investigations and incident response
- Customer notification and credit monitoring
- Compliance costs and ransom payments
- System restoration and lost income
- Reputation management and PR support
The goal is to shield your business from the financial impact of a cyber attack . But that coverage isn’t unlimited.
What Cyber Insurance Doesn’t Cover
Most policies have exclusions and requirements. If your business doesn’t meet them, your claim may be denied.
Common exclusions include:
- Negligence - Failing to patch known vulnerabilities or follow basic security best practices
- Insider threats Malicious or careless actions by employees are often excluded
- Prior knowledge If you knew of a vulnerability or breach and failed to act
- Third-party failures Attacks on vendors or partners that affect you may not be covered
- Contractual penalties SLA violations or lost deals due to an incident may not be reimbursed
How Insurance Companies Are Raising the Bar on Security
In today’s threat landscape, simply buying a policy isn’t enough.
Insurers now ask businesses to prove they’ve implemented strong cybersecurity measures before and after an incident.
Typical underwriter questions include:
- Do you have endpoint protection and anti-malware tools?
- Are vulnerability scans and audits performed regularly?
- Is multi-factor authentication (MFA) enforced?
- Do you have secure data backup and recovery plans?
- Are employees trained on phishing and social engineering?
- Do you have a documented incident response plan?
If your answer is “no” to any of these, expect higher premiums or even denial of coverage.
This is where Wyrdex comes in.
How Wyrdex Helps You Get (and Use) Cyber Insurance
Wyrdex is more than just a cybersecurity services provider. We’re a strategic partner that helps you qualify for cyber insurance and get the most value from it.
Here’s how:
1. Pre-Policy Risk Assessment
We evaluate your current cybersecurity posture and identify gaps that insurers will flag. This includes reviewing:
- Firewall and endpoint protection
- Access control policies
- Backup and disaster recovery procedures
- SIEM tools and log monitoring
- Employee security awareness training
- MFA implementation
By fixing these gaps before you apply, Wyrdex helps you qualify for coverage at a better rate.
2. Implementation of Required Security Controls
We help your internal team deploy the tools and processes that insurers expect:
- Endpoint Detection and Response (EDR)
- Email filtering and anti-phishing protection
- Zero Trust architecture and network segmentation
- Vulnerability scanning and patch management
- SOC monitoring and threat detection
These aren’t just insurance checkboxes. They’re real protections that reduce the likelihood and impact of attacks.
3. Ongoing Compliance and Underwriter Documentation
Wyrdex helps you document your security measures to demonstrate due diligence. This includes:
- Risk assessment and penetration test results
- Security policy documentation
- Incident response plans
- SIEM logs and audit reports
- Backup strategies and test records
When you can prove you’ve done the right things, insurers are more likely to approve your claims.
4. Support During a Cyber Claim
If you’re attacked and need to file a claim, Wyrdex acts as your technical advocate. We help with:
- Incident investigation and root cause analysis
- Forensic reporting and attack timelines
- Regulatory notifications and legal prep
- Coordination with the insurer’s response team
When it matters most, you won’t be alone.
Why You Need Cybersecurity Alongside Cyber Insurance
A policy can’t prevent an attack.
It can only help you recover from one.
Your real-time protection firewalls, monitoring, response plans, training, and backups is what shields your systems, customers, and operations from harm.
Too many businesses think they’re safe just because they “have insurance.” But without strong cybersecurity, they’re still at risk and might not be covered.
A better approach: Pair your cyber insurance with Wyrdex MSSP protection.
We reduce the chances you’ll ever need to file a claim.
And if you do we’ll help you recover faster and more confidently.
Why Cyber Insurance (and Cybersecurity) Matter Now More Than Ever
Cyber attacks are increasing in frequency, complexity, and cost. “It won’t happen to us” is no longer realistic.
“It won’t happen to us” is no longer realistic.
Consider this:
- Ransomware attacks have surged over 300% in the last two years
- The average cost of a data breach globally is now $4.45 million
- Over 60% of small businesses shut down within six months of a major cyber attack
- Fines for non-compliance are now in the millions
Without cyber insurance, you may not survive the financial impact of a breach.
Without cybersecurity, you’re more likely to need that insurance.
You need both.
Why Wyrdex Is the Best Company to Help Secure Your Future
Wyrdex brings deep expertise in cyber risk management, threat detection, and regulatory compliance.
We help businesses across industries stay secure, compliant, and resilient before and after an incident.
What sets us apart:
- 24/7 Managed SOC and SIEM services
- Ransomware and zero-day threat protection
- Insurance-readiness risk assessments
- End-to-end incident response
- GDPR, HIPAA, PCI, ISO 27001 compliance support
- Employee training and phishing simulations
- Secure cloud and endpoint management
- Business continuity and backup solutions
We’re not just a vendor. We’re a partner that cares about your long-term security and success.
Don’t Just Insure Secure.
Cyber insurance is smart. But it’s not enough.
You need both proactive cybersecurity and responsive insurance to truly protect your business.
That’s what Wyrdex provides.
Let’s talk about your current risk posture, your insurance needs, and how we can build a cybersecurity plan that keeps you protected, compliant, and resilient no matter what happens next.
Call Wyrdex today.
Get more than just a policy.
Secure your peace of mind.