how to become cyber insurance ready
How to Apply for Cyber Insurance
The following are the key elements that insurance companies are looking for to qualify your business for cyber insurance coverage.
Your best resource is a Staebler Broker who can help you navigate cyber insurance.
They can make sense of what’s required from you and provide recommendations to help protect your business’ valuable assets.
Special thanks to our network solutions partner Fortify for their assistance and expertise with this information.
get your business cyber insurance ready
ACCESS CONTROL
- Password Policy – complexity and forced regular changes
- Multi-Factor Authentication – for multiple access points
- Remote Access – Work From Home security
- Password Management – software to securely store
- Zero Trust Network Access (ZTNA) Strategy
- Dark Web Research and Monitoring
PERIMETER
- Firewall – implemented and managed
- Web Content Filtering – browsing the Internet is filtered
- Intrusion Detection System (IDS) – detect attacks
PATCH & UPDATE
- Operating Systems – servers and workstations
- Applications – individual user software
- Devices – firmware and systems
DATA
- Databases – encrypted at rest
- Other Data and Files – encryption at rest
- Backups – frequency, transferred offsite, testing of restoration, data AND critical servers/workstations
MONITOR & SCANNING
- Network Monitoring – detects performance issues
- Vulnerability Scanning – perimeter, applications, devices
- Penetration Testing – test ability to break in to network
- Security Information & Event Management (SIEM)
- Security Operations Centre (SOC)
DOCUMENTATION & PROCESS
- Business Continuity & Disaster Recover Plan
- Email & Internet Usage Policy – including social media
- Incident Response Policy
- Security Policy – how is information secured and stored?
- Change Management/Control Procedure
- Filtering – scanning emails for threats and spam
- Advanced Threat Protection – sandboxing of attachments
- DNS Management – email authentication/validation such as SPF, DKIM, Sender ID, or DMARC
- Data Loss Prevention
PEOPLE & BEHAVIOUR
- Cybersecurity Awareness Training and Testing
- Physical Building Security Measures
DEVICE SECURITY
- Virus/Malware Protection – servers & workstations
- Endpoint Detection & Response – servers & workstations
- Mobile Device Management – secure and manage access
- Asset Management – track and cycle older devices
Get A Quote
Fill in the form and one of our brokers will contact you soon.
Cyber Insurance
Why Insure with Staebler?
Working with a broker brings experience, expertise, and advocacy to you and your organization. With an individual broker, you have the ability to personalize your insurance solutions for your unique needs. Find out why there are 7 Really Good Reasons to use an Insurance Broker.
Did you know? Staebler Offers Commercial Premium Financing »
Related Blog Posts
Security Suggestions to Help Keep Your Business Property Safe
Businesses and commercial properties are often the target of thieves and criminal trespassers looking to cause trouble. For businesses and property owners, it’s critical to have strong security features in place that will both help deter and prevent break-ins from...
Suspicious Fire Alerts and Preventative Measures for Home Builders
Insurance companies are warning of suspicious fires in new build housing developments in Ontario. They have seen a noticeable increase in fires affecting home builders and home buyers, which may be in part related to property market conditions, and the overall...
Claim Incident Response Forms – What You Need to Know
As the season shifts to winter, there is a return of possible dangerous walking conditions, which increases the potential for slips, falls, and other similar incidents and injuries. Keep in mind that these hazards aren’t only for the outdoors. While frozen sidewalks...
How to Prepare for a Cyberattack
Cyberattacks have become a regular occurrence and businesses of all sizes are being targeted. Regardless of industry, organizations have the potential of becoming the next victim of cybercrime. In fact, it is such a threat, insurance companies are requiring several...
Secure Your Mobile Devices from Cyberthreats
October is Cybersecurity Awareness Month and a great time to remind you that cybercriminals don’t stop their attacks at desktop or laptop computers. Smartphones have become increasingly popular targets for cybercriminals to exploit. These devices contain sensitive...
Building Maintenance for the Fall Season
As the leaves change colour and a crispness fills the air, we share an important aspect to assist your business as temperatures begin to drop: Building Maintenance. Proper building maintenance is essential to ensure the safety, comfort, and functionality of business...
Protect Your Property: High Winds
This article is Part Two of our New Blog Series on protecting your property from natural threats. Be sure to check back to the Staebler Blog for future articles to help protect your home. Part One: Flooding High winds are an all-too-common threat for property owners....
Small Business Insurance Discount for CFIB Members
IMPORTANT UPDATE As of June 30, 2025, Northbridge Insurance is no longer partnered with the Canadian Federation of Independent Business (CFIB), and the associated premium discount offer has been discontinued. However, business owners can still access insurance...
How Businesses Can Help Prevent the Next Cyber Attack in 2023
Regardless of the size of an organization, businesses need to be aware of cyber threats - and employees are often at the front line of a potential attack. It is understandable that small businesses may not be as well equipped as larger ones and it is showing in the...
How Telematics Help the Trucking Industry
Telematics for today’s fleets typically involves the use of technologies like GPS, sensors, and wireless communication networks to collect and transmit data about the vehicles being operated and related equipment or assets. These benefits make it attractive for...
What Changes Do I Need to Tell My Insurance Broker? Part 2
In a recent blog, we discussed some of the most important changes that impact your personal insurance. This included things like home renovations and driving for a delivery service, among others. READ Part 1: What Changes Do I Need to Tell My Insurance Broker? -...
What is ChatGPT and How To Use It
ChatGPT (Generative Pretrained Transformer) is a computer program designed to chat with people in a natural language. It uses artificial intelligence (AI) and machine learning to understand what people are saying and generate responses that are relevant and helpful....