Cyber insurers are offering tools that could significantly reduce your identity risk—but most organizations aren’t using them.
One of the most significant advancements in the sector is the increased emphasis on loss control services. These services are designed to mitigate risk, enhance cybersecurity postures, and ultimately reduce the frequency and severity of cyber-related claims. Many of them are free of charge or discounted as carriers and brokers have negotiated prices with many different vendors.
What are loss control services?
Loss control services in the cyber insurance space refer to proactive risk management strategies insurers provide to policyholders—often at no cost or a reduced rate. These services are typically offered annually upon policy renewal and give organizations access to expert guidance and tools that support stronger cyber hygiene and risk posture.
Loss control services include:
- Security assessments: Identifying security risk exposures in an organization’s cybersecurity framework. These assessments typically evaluate network architecture, endpoint protections, patching practices, and policy enforcement to find security blind…
