Preparing to shop for or renew cybersecurity insurance policies

A proactive approach to maintaining a strong security posture is a key component of organizational health. One critical aspect of protecting your business in 2025 might well be Cybersecurity Insurance. Whether you’re shopping for a new policy or facing an upcoming renewal, the benefits of a Cybersecurity Assessment are worth considering.

Cybersecurity insurance premiums are on the rise year over year, and as threats and bad actors evolve, insurers are becoming increasingly discerning. Insurers want to see demonstrable proof of your organization’s commitment to security, along with concrete evidence of a robust security posture.

A Cybersecurity Assessment is like a health check for your systems, offering critical insight into areas of strength as well as highlighting items that may need to be improved.  A thorough assessment will:

• Identify Vulnerabilities: By highlighting weaknesses in your network, processes, and applications that might leave you exposed to attack, you can proactively address vulnerabilities before they’re exploited.
• Demonstrate Due Diligence: A professional assessment provides documented proof to your insurer that your business takes cybersecurity seriously, which can be helpful in negotiating premiums and demonstrating a lower risk profile.
• Improve Security Posture: Identifying and mitigating risks before they’re exploited greatly enhances your overall security. Reducing the likelihood of a successful cyberattack occurring in the first place will save time and money down the road.
• Streamline the Process: A clear understanding of your organization’s security posture will make the insurance application/renewal process much easier, allowing you to answer their questions accurately and with confidence.
• Allow for Customized Coverage: A completed cybersecurity assessment provides an understanding of your specific risks, allowing you to select the most appropriate level of coverage and avoid paying for unnecessary add-ons.

Cybersecurity Assessment

Our Cybersecurity Assessment is based on the National Institute of Standards and Technology (NIST) Cybersecurity Framework. It begins as a self-guided questionnaire, with follow-up from Macktez consultants to add details where needed. When the assessment is complete, Macktez will prepare a report on your organization’s cybersecurity readiness along with recommendations for any remediation we think is necessary or prudent.

At Macktez, we’d love to work with you to identify existing vulnerabilities, strengthen your defenses, and provide you with the documentation needed to secure the best possible cybersecurity insurance policy available for your organization.