Cybersecurity Provider Coronet, Coalition Partner on Small Business Cyber Product

Small business cybersecurity provider Coronet has partnered with Coalition, a cyber insurance provider for small and midsized businesses, to offer cyber insurance to Coronet customers. The partnership combines Coronet’s data breach protection platform with cyber insurance coverage up to $500,000.

Coalition and Coronet have partnered with the goal of making cyber insurance and cybersecurity more accessible for small and midsized businesses, as many are traditionally uninsured or under-protected from cyber incidents. This partnership democratizes access to cyber insurance products to a broad group of smaller businesses that are already taking proactive steps to improve their security posture by using Coronet’s data breach protection platform.

Coronet offers an all-in-one cybersecurity platform that uses AI to monitor all of a business’s security needs. The cyber insurance product is tailored by Coalition to a company’s exposures.

Coronet offers data breach protection for companies that use the cloud. The bundled insurance offering will be included as part of Coronet’s Platinum product at no additional cost.

Coalition combines insurance and cybersecurity tools to help businesses manage and mitigate cyber risk. Backed by A+/A rated 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’s cyber risk management platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyberattacks. Coalition is headquartered in San Francisco.

Topics Mergers & Acquisitions Cyber Commercial Lines Business Insurance