Cyber insurance is no longer optional for small and midsize businesses. It has become a business requirement — often mandated by clients, boards, and regulators. Yet many business owners still misunderstand what cyber insurance actually covers, how policies are evaluated, and what insurers expect before issuing coverage.
To bring clarity to this rapidly evolving space, Exigent Technologies invited James Venezia, cyber isurance and risk management expert, to sit down and discuss the topic in an eight-part video series designed specifically for growth-focused businesses in New Jersey, New York City, Denver, and Los Angeles that are concerned about cybersecurity and building business resiliency.
The series breaks down cyber insurance requirements, common coverage gaps, and the real-world security controls insurers now demand before binding a policy. We'll also discuss four key steps to preparing for coverage before you start shopping around.
A few years ago, cyber insurance applications were relatively straightforward. Today, underwriters conduct deep technical reviews. They assess:
Carriers are no longer taking a "trust but verify" approach. They expect documentation. If your security controls cannot withstand scrutiny, your premiums rise — or your coverage is denied altogether.
If you are a business leader in a regulated industry — healthcare, legal, nonprofit, financial services — the stakes are even higher. Many clients now require proof of cyber insurance before signing contracts. Some require proof of your underlying security controls. Cyber insurance is one link in the crucial supply chain environment that connects vendors and customers—disruption in your business impacts a wide swath of other companies and clients—which is why cyber insurance is rapidly becoming table stakes for reputable organizations.
Throughout the series, Jim and the Exigent team explore:
This is not theoretical guidance. It is grounded in what insurers are actively evaluating today.
For many businesses, the wake-up call is realizing that their existing IT environment does not meet underwriting standards — even if they believed it did.
Download our cyber insurance prep sample checklist
If your organization is unsure whether it would pass a cyber insurance underwriting review today, now is the time to evaluate.
Exigent works with growth-oriented businesses to strengthen security posture, reduce operational risk, and align technology investments with long-term goals.