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Cyber Insurance

Premium costs more,
Assess and close the gap.

Cyber insurance in Australia has become harder to obtain and more expensive to maintain. Insurers are asking more questions, tightening exclusions, and declining businesses that cannot demonstrate adequate security controls. We help businesses close those gaps before renewal.

Cyber Insurance Readiness

A few years ago, cyber insurance was relatively easy to get. Policies were broad and premiums were affordable. That has changed. After a run of large claims, Australian insurers tightened their requirements considerably.

Businesses that cannot demonstrate the right controls are finding themselves unable to get cover, paying higher premiums, or having key risks excluded. Closing those gaps is usually cheaper than the premium cost of leaving them open.

🛡️ Control Gaps
We identify exactly which controls are missing that affect your insurability.
💰 Premium Impact
The right controls can significantly reduce your renewal cost.
📄 Documentation
We produce evidence insurers and brokers can verify during underwriting.
How We Help

What insurers look for and how we close the gaps

🔍 What insurers are asking for

Underwriters now routinely assess security posture before issuing or renewing a policy. The controls they focus on most closely align with the ACSC Essential Eight.

  • Multi-factor authentication on all remote access and email
  • Endpoint detection and response (EDR) on all devices
  • Regular, tested backups held separately from the main network
  • Patch management with defined timelines for critical updates
  • Privileged access controls and separation of admin accounts
  • Email filtering and anti-phishing controls
  • Incident response capability and documented response procedures

💸 Why gaps are expensive

If you cannot demonstrate these controls during underwriting, insurers have several options and none of them are favourable.

  • Significantly higher premiums to offset the perceived risk
  • Policy exclusions for specific attack types such as ransomware
  • Lower coverage limits that may not reflect your actual exposure
  • Declined applications, particularly for businesses in regulated industries
  • Policy voidance after a claim if controls were misrepresented

Addressing the gaps before renewal is almost always cheaper than the premium impact of leaving them open.

✅ Gap assessment process

We work with businesses ahead of their renewal to identify missing or partially implemented controls, implement the ones that matter most to underwriters, and produce documentation that clearly demonstrates your security posture.

  • Map your current controls against what insurers typically require
  • Identify the specific gaps most likely to affect your renewal
  • Prioritise controls with the highest impact on insurability and cost
  • Implement controls and produce verifiable documentation
  • Work alongside your broker during the underwriting process

📋 Common policy questions and what they mean

Insurers ask standard questions that map directly to specific controls. Here is what they are really asking:

  • Do you use MFA for all remote access? MFA deployment across all users and systems
  • Do you have EDR on all endpoints? Managed endpoint detection and response
  • Are backups stored offline or offsite? Isolated backup strategy with tested recovery
  • Do you have an incident response plan? Documented procedures and response capability
  • Is privileged access separated and reviewed? Admin account controls and regular access reviews
Ready to talk?

Got a cyber insurance renewal coming up?

Talk to us before you renew. We will assess where you stand and what needs to change to improve your position with underwriters.

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