Cyber Insurance is Changing—Are You Still Covered?

Getting cyber insurance used to be simple. You signed up, paid your premium, and felt safe. But those days are long gone. 

Cyber insurance has gotten tougher today, and if you’re relying on an old policy to save the day, you might be in for a rude awakening.

Cybercrime Got Smarter—So Insurance Did Too

Cyberattacks are now faster, sneakier, and more expensive than ever. Ransomware isn’t just locking files—it’s shutting down entire businesses. Hackers aren’t just stealing data, they’re selling it, leaking it, and even using it to scam your customers.

Insurance companies noticed. And they’re done playing nice.

Here’s what’s happening now:

• Premiums are rising (yes, again).
• Coverage limits are shrinking.
• And insurers want proof, not promises, that your business takes cybersecurity seriously.
  
  

You might not get approved if you don’t have things like multi-factor authentication (MFA), regular backups, and employee training. And if you do get approved, don’t expect your claim to go far if an attack happens and you didn’t follow the rules.

“Covered” Doesn’t Always Mean Protected

Many business owners assume their cyber policy will cover them when disaster strikes. But here’s the truth: most policies now come with strings attached.

You could gamble with your business if you haven’t checked your policy recently. 

Let’s be real:

• Still no MFA on email? That’s a no-go.
• Missing endpoint protection or patching plans? Risky.
• Don’t test your backups? Your insurer will notice.
• Only trained your staff once, two years ago? Not good enough.
• No incident response plan? They’ll call that negligence.
  
  

The bottom line: The fine print matters. And if you haven’t tightened your IT, you may be paying for a policy that won’t deliver.

PCS: The MSP That Keeps You and Your Clients Covered

PCS isn’t just another IT provider; we’re a managed service partner that can help your insurance company and clients stay one step ahead. 

Whether you’re an insurance carrier looking to reduce client risk or a business needing to meet policy requirements, PCS delivers the tools, training, and tech strategy to get you there:

• Security Assessments to uncover risk before it becomes a liability
• Ongoing Monitoring and Maintenance that checks every compliance box
• Proactive Cybersecurity Tools like MFA, endpoint protection, and patch management
  Backup & Disaster Recovery Plans that work when they’re needed most
• User Training and Awareness to reduce human error and improve outcomes
  
  

We help you simplify compliance and strengthen resilience because cyber insurance only works when the IT does.

Cyber Insurance Shouldn’t Be a False Sense of Security

You wouldn’t drive without a seatbelt. So why treat your cyber policy like a free pass?

Insurance is supposed to back you up, not bail on you. That only works when your cybersecurity is strong enough to meet their standards.

Here’s the good news: You’re not alone. PCS is your guide to better coverage, stronger security, and less stress. We’ve got your back, so you can focus on running your business instead of reading policy exclusions.

Will your policy still hold up?

Let’s ensure your coverage is more than just a piece of paper. Get a Free Network Assessment today!