Coalition Offers Cyber Cover For Large Enterprises

Coalition has announced the expansion of its cybersecurity insurance offering in the US  to large enterprise businesses with revenues up to $5 billion. The company’s increased capacity comes from a syndicated placement across many of its existing partners.

“By opening up our capacity to enterprise businesses with $5 billion in revenue, we are widening the field of companies we can protect,” said Shawn Ram, Head of Insurance at Coalition. “For the first time, enterprises can benefit from Coalition’s Active Insurance, a dynamic cyber protection system that resolves complex claims should they arise, but also works around the clock to prevent them in the first place.”

Typically, enterprise businesses have a stronger cybersecurity posture than smaller organizations due to available resources, but they also have a much larger attack surface to monitor and defend. Coalition’s Active Cyber Insurance provides additional layers of protection to these businesses by fitting into existing enterprise-scale security programs while also creating a backstop should any attack get through. Further, implementing Active Insurance means more visibility into an organization’s overall cyber risk posture, which makes the adoption and implementation of insurance less onerous and more dynamic when coupled with a more efficient underwriting process.

“The truth is that no business or organization – regardless of size, resources or revenue – is immune to cyber attacks,” said Tiago Henriques, Coalition’s Vice President of Security Research. “Most large enterprises have the means to establish strong cybersecurity postures, but that should not preclude them from the benefits of adding cyber insurance to the mix. Cyber insurance should be a critical component of any company’s defense-in-depth strategy.”

For brokers, Coalition’s expansion to large enterprise businesses means an opportunity to sell more policies and build a bigger book of business. As always, Coalition’s exclusive combination of always-on cybersecurity tools, active risk assessment for more streamlined underwriting, and efficient claim resolution process makes this an easy decision for brokers looking to increase their share of business in mid-market and enterprise-level clients.

To learn more about Coalition and Active Insurance, please visit: coalitioninc.com.