Episode description
Episode description
Welcome to the next episode of my podcast M&A Insights titled “Cyber Insurance Uncovered: Learn How Doug Kreitzberg at SeedPod is Working With MSPs to Protect Small Businesses from Digital Threats”.
Small businesses are increasingly the target of cyber threats, yet most remain dangerously underinsured. Only 10% have cyber insurance, and even fewer have the right coverage to survive a serious attack. So, how can Managed Service Providers (MSPs) step in to help?
To answer that question, I’m joined by Doug Kreitzberg, Founder and CEO of SeedPod Cyber. At SeedPod, Doug has developed an innovative program that help businesses proactively manage cyber risks. His team works closely with MSPs to ensure small businesses get the protection they need—before disaster strikes.
In today’s discussion, we’ll uncover the biggest misconceptions about cyber insurance, why small businesses struggle to get the right coverage, and how MSPs can play a pivotal role in bridging the gap. Doug will also share insights into SeedPod’s risk assessment process, the evolving landscape of cyber insurance pricing, and practical steps businesses can take to improve their cybersecurity posture.
If you’re an MSP looking to add value for your clients—or a business owner trying to navigate the complex world of cyber risk—this episode is for you.
Topics discussed on this podcast include:
Key Topics Discussed:
✅ Cyber Insurance Landscape for Small Businesses:
- Are small businesses adequately insured against cyber risks today?
- What are the risks of relying on general liability policies for cyber coverage?
- What happens to small businesses that suffer multiple cyberattacks?
✅ Understanding Cybersecurity Risks:
- Where does most cyber risk come from—bad software or bad deployment?
- Who should own the deployment risk—software providers, businesses, or MSPs?
✅ Challenges in Cyber Insurance Adoption:
- Are small businesses qualified to purchase cyber insurance on their own?
- Why do many brokers lack the expertise to properly guide businesses on cyber policies?
✅ The Role of MSPs in Cyber Insurance:
- How does SeedPod Cyber work with Managed Service Providers (MSPs)?
- What role do MSPs play in educating small businesses about cyber risks?
- How does SeedPod validate MSPs through security assessments?
✅ Key Components of a Comprehensive Cyber Insurance Policy:
- Liability coverage: What does it protect against?
- First-party costs: What expenses are covered after a cyber incident?
- Loss of income coverage: How does it help businesses recover financially?
- E-fraud coverage: How does it protect against social engineering scams?
✅ Cyber Insurance Pricing & Risk Assessment:
- How are insurance companies currently pricing cyber risks?
- What are the challenges in developing actuarial models for cyber insurance?
- How does SeedPod’s risk assessment process work, and what does it evaluate?
✅ Regulatory & Security Best Practices:
- Can regulations improve the cybersecurity landscape?
- How should regulations hold software developers and MSPs accountable?
- What are the basic steps businesses should take to improve cybersecurity?