Checking a box on an insurance application is no longer enough to protect your business. Insurance carriers have faced record payouts and are now fighting back by mandating strict technical standards.
As a result, if you cannot prove you have specific protections in place, you may find your premiums skyrocketing; or worse, your claim denied after an incident occurs.
The New Minimum Standards for Coverage
Insurance companies now view certain security measures as non-negotiable. To qualify for a professional policy, your business must demonstrate active use of Managed Detection and Response (MDR).
This is a 24/7 security service that doesn't just block known viruses but actively hunts for suspicious behavior on your network, stopping hackers before they can deploy ransomware.
Why "Proof of Security" is Your Best Financial Asset
In the eyes of an insurer, a business without a professional IT partner is a high-risk gamble. By working with Business Solutions & Software Group, you gain a documented trail of security audits and patch management. This documentation proves to your carrier that you are a "low-risk" client, which is the most effective way to negotiate lower premiums and ensure that your policy actually pays out when you need it most.
Actionable Steps for Your Next Renewal
Before your next insurance renewal, conduct an internal "pre-audit." Ensure your team has Multi-Factor Authentication (MFA) enabled on every single login, verify that your backups are stored off-site and disconnected from your main network, and document your employee security training. Taking these steps now prevents a last-minute scramble—or a coverage gap—when your policy expires.
This is One Place You Don’t Want to Be Surprised
Don't let a rejected insurance application be the wake-up call for your business security.
Contact Business Solutions & Software Group today at (954) 575-3992 for a pre-insurance audit to ensure your technology meets the highest standards of protection and renewability.
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