News Summary

• Small businesses are not immune to cybersecurity incidents that can disrupt operations, compromise data, and hemorrhage precious time and money.
• Cyber insurance has matured into a strategic tool for small businesses, providing not only financial protection but also a means to assess and improve their overall security posture.
• Before underwriting, insurers assess your cybersecurity posture, potentially identifying vulnerabilities (e.g., outdated software or weak access controls).
• This "free audit" can reveal gaps, prompting improvements that in themselves can significantly reduce your risks.