What exposure does your MSP have when filling out cyber insurance questionnaires for their clients?

In this video, industry experts discuss the evolving landscape of cyber insurance and its impact on Managed Service Providers (MSPs). They delve into the intricacies of insurance applications, potential liabilities, and the necessity of having robust MSAs. The conversation emphasizes the need for MSPs to accurately assess and address their clients’ cybersecurity needs while also protecting their own business interests.

• Cyber insurance is becoming increasingly complex, with detailed applications requiring specific security controls, making it crucial for MSPs to understand their role and responsibilities in aiding their clients.
• The relationship between MSPs and their clients is evolving, as MSPs are often expected to assist with cyber insurance forms, which can have legal implications if not handled properly.
• MSPs must ensure that their Master Service Agreements (MSAs) are updated and comprehensive to limit liability, especially as they relate to cyber insurance and security services.