Cyber Insurer Coalition Expands Coverage to Businesses With Up To $1B in Revenue

Coalition, an cyber insurance company focused on small- and midsize-businesses, has expanded its cyber and technology errors and omissions coverage — previously only available to companies with less than $250 million in revenue — to include middle market companies with up to $1 billion in annual revenue.

Middle market companies now have access to Coalition’s cybersecurity tools as well as up to $15 million in coverage backed by Swiss Re Corporate Solutions and Lloyd’s of London.

Coalition’s cyber insurance policies for middle market businesses include a suite of enterprise-grade cybersecurity tools—including 24/7 security monitoring, anti-ransomware, employee security training, among others—along with access to a dedicated security and incident response team, and insurance coverage in the event of an incident. All services are included within the policy premium.

Coalition offering for policyholders includes:

• Risk Mitigation: Coalition provides free cybersecurity tools to help businesses manage and mitigate cyber risk, and comprehensive cyber insurance to help them recover. Coalition’s coverages is designed to help companies improve their cybersecurity, mitigate incidents when they occur, and help companies recover financially in the aftermath.
• Claims handling and incident response: Coalition’s in-house security and incident response team includes former veterans of the FBI, NSA, CIA, and private security companies. Coalition works together with hand-picked partner firms (including incident response, forensics, public relations, legal, and crisis management experts) to help organizations quickly recover from a cyber incident.
• Aligned incentives: Coalition offers economic incentives to customers to prevent and mitigate losses.

This offering is now available to middle market companies in the U.S.

Coalition is backed by insurers Swiss Re Corporate Solutions, Lloyd’s of London, and Argo Group, Coalition provides companies with up to $15 million of cyber and technology insurance coverage in all 50 states and the District of Columbia. Coalition is headquartered in San Francisco.

Topics Cyber Carriers Profit Loss