Cyber Insurance: Your Secret Weapon Against Modern Cyber Threats

Today’s businesses aren’t just battling market competition—they’re facing an evolving cyber threat landscape that can bring operations to a halt. That’s why we’ve partnered with SeedPod Cyber to bring you a smarter, more tailored approach to cyber insurance.

In this special guest blog post, Doug Kreitzberg, CEO & Founder of SeedPod Cyber, dives into why cyber insurance is a non-negotiable for today’s risk management strategies. From ransomware to supply chain attacks, no business is immune, and generic insurance policies often don’t cover what truly matters.

Want to fortify your business and save 30-45% on cyber insurance? Head over to our dedicated SeedPod Cyber page to get started with a quick, hassle-free quote. And don’t forget to follow SeedPod Cyber on LinkedIn for more expert insights.

Now, let’s get into it! 🚀

The Vital Role of Cyber Insurance in a Modern Risk Management Strategy

In today’s interconnected world, cyber threats are evolving rapidly, and no business is immune. Cyber insurance has become a cornerstone of effective risk management, providing financial protection and operational resilience in the face of growing cyber risks.

Key Cyber Threats to Watch in 2025

The 2024 Verizon Data Breach Investigations Report (DBIR) sheds light on the most pressing cyber risks:

• Vulnerability Exploitation: Attacks exploiting unpatched systems have nearly tripled, making poor patch management a critical issue.

• Extortion and Ransomware: Ransomware accounts for a significant portion of breaches, with extortion tactics continuing to rise.

• Human Error: 68% of breaches involve human factors like phishing or system misconfigurations, a vulnerability that AI-driven attacks are exploiting more effectively.

• Third-Party Risks: Breaches involving vendors or supply chain partners have increased by 68%, underscoring the importance of monitoring external relationships.

These trends highlight the need for a proactive approach to cybersecurity, complemented by tailored insurance coverage designed for today’s risks.

Why Cyber Insurance Goes Beyond Standard Policies

Relying on riders attached to Business Owner’s Policies (BOP) or Commercial General Liability (CGL) insurance often leaves businesses exposed. These riders typically:

• Exclude ransomware payments and extortion costs.

• Offer inadequate coverage for data recovery, breach notifications, or regulatory penalties.

• Fail to address third-party claims, social engineering, or cybercrime—threats that are increasingly prevalent.

Comprehensive cyber insurance fills these gaps, providing robust protection that aligns with the complexities of modern threats.

What Comprehensive Cyber Insurance Covers

1. First-Party Coverage: Protects your business from direct losses, including: Data recovery and restoration expenses. Business interruption costs. Investigative services to identify the source and impact of a breach.

2. Third-Party Coverage: Addresses liabilities to clients, partners, or regulators, covering: Legal defense and settlements. Claims for privacy violations or security failures. Fines for non-compliance with cybersecurity regulations.

3. Cybercrime Coverage: Provides financial protection against: Ransomware payments and extortion. Losses from phishing, wire fraud, and social engineering attacks.

Why Now is the Time to Act

The threats detailed in the Verizon DBIR underscore the need for businesses to prepare for the unexpected. By integrating cyber insurance into your risk management strategy, you can bridge the gap between prevention and recovery, ensuring financial stability and long-term resilience.

Our Partnership with Big Water Technologies

Through our collaboration with Big Water Technologies, we make cyber insurance both accessible and reliable:

• Streamlined Applications: Takes less than 5 minutes.

• Comprehensive Coverage: Our partnership allows us to take a behind-the-firewall approach, confirming specific security controls are in place and maintained, to provide competitive rates on coverage that responds when it matters most.

• Exclusive Savings: Enjoy 30-45% off premiums.

• See how much you could be saving today. Get A Quote

• Cyber Check-Up Tool: Gain insights into real losses and identify gaps in existing policies, from insufficient coverage to hidden costs like coinsurance clauses.

Secure Your Business Today

Don’t wait for a cyber incident to disrupt your operations or erode customer trust. Take advantage of our behind-the-firewall approach to ensure your organization is prepared for whatever challenges 2025 may bring.

Learn more about how your business can benefit from this partnership today!

About the Author: Doug Kreitzberg

Doug Kreitzberg is the Founder and CEO of SeedPod Cyber and Designed Privacy. With over 20 years in the insurance industry, Doug has developed innovative risk solutions to help businesses stay protected in an increasingly digital world. His expertise lies in bridging the gap between cybersecurity and insurance, ensuring businesses aren’t just secure—but also financially resilient against cyber threats.

Want to connect with Doug? Follow him on LinkedIn for more insights on cyber risk and business protection.