There is no secret that compliance requirements for Cyber Liability insurance can be quite complex. This is why so many claims are denied. However, compliance is not an unattainable unicorn, compliance just requires effective routine security assessment, documentation and proactive prevention measures – each of these can be done with the right tool kit and measurements in place. The top challenge associated with cyber liability insurance (CLI) payouts is proof, delivering reporting that shows due care to maintain a secure environment is one way to ensure your business receives its disbursement.
Here at Tech Success walk you through all the necessary steps involved for active compliance reporting. With questions that align with the largest cyber insurance companies, there’s no guesswork when it comes to compliance and there shouldn’t be.
To begin with, here are the Top 5 ways to stay compliant with CLI requirements:
You must understand the ramifications within all the clauses of the CLI policies and their requirements. We assist customers with blueprints of the must and build upon them to ensure our clients are covered with whatever insurance they chose or do business with.
2.Complete Assessment and Understanding
You must understand your environment through and through, this is key to developing an effective compliance plan. We look to develop a plan for all of our clients through first auditing their systems and all areas that technology run through, this then helps us to address misalignment that needs to be made within the existing procedures and insurance policies.
Remediation can often be a daunting task for businesses as it’s the implementation from the risk assessment. We assure that event capturing processes are implemented and working properly (SIEM) whilst building security baseline standards that evaluates and improves the security posture of your business in the event of failure.
4. Compliance-Specific Documentation
You must have policy-specific documentation which can be delivered at a high technical level, free of human error. This document must be clear and user-focused, accurate, technology-compatible that is modulated and structured in a way that is compatible with how your systems operate.
5. Compliance Sevices
If you do not have the resources you should consult with an IT professional. We assist clients in auditing their compliance and addressing missing factors to map out solutions.
Cyber Liability Insurance plans won’t pay out unless proper documentation of compliance effort is made and available and this is whether MSPs play a key role. We assist our clients from top to bottom when it comes to compliance and certifications.
Contact one of our specialist at firstname.lastname@example.org to find out more.