In this episode of the Safe House Cyber Insurance Summer Series, we dive deep with Ryan Mercer, VP of Cyber at McGriff brokerage. With over a decade of experience, Ryan pulls back the curtain on the evolving world of cyber insurance.

He explains why many small to medium-sized businesses (SMBs) still aren't getting cyber coverage, shedding light on challenges like broker education and the increasingly detailed application process.

Here's what you'll learn:

✅ The crucial role of brokers: How they're becoming consultative advisors, guiding clients on cybersecurity best practices (like MFA and EDR) to help them get better insurance terms.

✅ Why prompt incident notification is key: Why you must immediately tell your broker and insurer if a cyber incident occurs for smooth claims and recovery.

✅ The truth about cyber insurance: It's not a magic shield that prevents attacks. It primarily helps with the aftermath—think legal fees and recovery services—but it doesn't protect your reputation or guarantee business continuity.

✅ A dynamic market: Understand how this relatively young market is rapidly changing, with new tools like automated underwriting emerging.

This conversation bridges the gap between insurance and effective cybersecurity, highlighting how well-informed brokers are essential partners in navigating today's complex cyber risk landscape.

What's your biggest takeaway about cyber insurance? Share your thoughts in the comments below!

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