Over 40% of cyber insurance claims face denial or intense scrutiny. Not because the attacks aren't real, but because the companies filing claims didn't actually have the controls they said they had on their applications.
This is a problem we see constantly in our compliance work at Vektrion. A company fills out their insurance application, answers "yes" to questions about MFA, backups, endpoint detection, and incident response plans, and genuinely believes they're compliant. But carriers are asking increasingly specific questions, and the gap between what companies think they have and what carriers actually require is where claims go to die.
CoverShield: Free Compliance Gap Analysis
We built CoverShield to close that gap. CoverShield is a free tool that reads your cyber insurance application, extracts every security control requirement your carrier is asking about, and walks you through a guided self-assessment. The output is a Claim Readiness Report showing your overall denial risk, every gap between your controls and your carrier's requirements, estimated financial exposure, and a prioritized remediation roadmap.
It takes about 15 minutes. There's no cost and no commitment.
Why We Built This
The cyber insurance market is projected to reach $33 billion in 2026. But the real story isn't market growth. It's the claim denial crisis happening underneath it. According to Fitch Ratings, nearly one in four claims filed in 2024 were rejected. Other analyses put denial and heavy scrutiny rates above 40%.
The top reasons are consistent: inconsistent MFA enforcement, backups that aren't immutable or tested, missing or outdated incident response plans, EDR deployed without 24/7 monitoring, and documentation that doesn't exist or hasn't been updated.
The problem isn't that companies don't care about security. It's that insurance applications ask technical questions in non-technical language, every carrier asks them differently, and nobody translates between the two worlds.
Who It's For
CoverShield is for any business that has cyber insurance or is applying for it. It's also valuable for insurance brokers who want to verify their clients' attestations before facilitating applications, and for MSPs who want to validate that their managed security services meet carrier-specific requirements.
If your analysis reveals gaps, our consulting team at Vektrion can help you close them, from policy development and incident response planning to MFA enforcement and backup remediation. But the analysis itself is free and useful regardless of whether you engage us for remediation.
Try It
Visit covershield.vektrion.com to run your free analysis. You can also learn more about how it works or explore our cyber insurance compliance services.
If you'd rather have a guided walkthrough or want to discuss your results with a consultant, book a free 30-minute call.