Over
of claims denied or partially paid
involve ransomware attacks
come from small businesses
Insurers now require proof of basic protections like multi-factor authentication (MFA), endpoint detection, and regular patching. Missing these often voids coverage.
Real Example:
A medical practice's $200K ransomware claim was denied because they lacked MFA on their remote access systems.
Common exclusions that catch businesses off guard:
Over 60% of breaches start with employee actions. Many policies exclude claims stemming from:
Have a third-party security assessment before applying to identify gaps insurers will flag.
Maintain logs of security training, patch management, and access controls to prove compliance.
Work with brokers to remove unreasonable clauses (e.g., "any nation-state involvement voids coverage").
Insurers often deny claims if you delay reporting or lack forensic evidence. Have a plan ready.
Our Insurance Qualification Assessment identifies exactly what insurers require—and helps you implement it.