Coalition Expands Admitted Cyber Insurance Offering into Florida

Coalition, an online cyber insurance and security company, has expanded its admitted cyber insurance offering into Florida following approval from the Florida Office of Insurance Regulation. Businesses and organizations across the state now have access to Coalition’s cyber insurance coverage and security services.

Coalition’s cyber offering combines insurance with cybersecurity to help keep businesses safe. Coalition provides no-cost cybersecurity tools to prevent losses, security and incident response services to contain them, and cyber insurance to help organizations recover from failures and breaches.

Coalition’s cyber insurance offering is now admitted in 48 states and the District of Columbia, available in all states in the surplus lines market, and now also available in Canada. It currently insures more than 25,000 businesses. Coalition announced in May that it raised $90 million in equity capital to fuel its rapid growth and expansion.

Backed by leading global 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, as well as $20 million of coverage across all 10 provinces and 3 territories in Canada. 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 cyber attacks.

Headquartered in San Francisco, Coalition has presences in New York, Los Angeles, Chicago, Dallas, Washington DC, Miami, Atlanta, Denver, Austin, Vancouver, and Toronto.

Topics Florida Cyber