Big "I" Markets partner Coalition was built at the intersection of technology and insurance to address what is now the single most prevalent risk for small and medium businesses—cyber risk. Unsatisfied with the breadth of existing cyber insurance policies, Coalition created its own, which is what makes Coalition such a great resource to share with your customers.
Coalition doesn't just protect your customer's networks—it protects their entire business, with up to $10 million of the most comprehensive insurance coverage available. Coalition policies come standard with broad coverage, including but not limited to:
- Data breach response costs outside the limit.
- Privacy and multimedia liability.
- Business interruption events, including an industry-leading one-hour time retention.
- System failures.
- Ransomware and cyber extortion.
- Social engineering and funds transfer fraud losses.
- Regulatory fines and penalties.
Furthermore, Coalition is the first insurance market to affirmatively provide coverage for cryptomining, service fraud and computer replacement costs in the event of a malware attack, as well as property damage, bodily injury and pollution coverage for a physical cyberattack. No matter which coverages you elect to offer your customers, all include full prior acts coverage.
As cyber threats evolve, so must insurance coverage. The Big "I" is committed to giving our members the tools they need to help their clients understand, combat and mitigate these evolving risks. We scoured the market to find the best cyber solution for our agents, and we're proud to partner with Coalition to offer the most innovative and comprehensive coverage available.
To find out how Coalition measures up to other cyber insurance providers, check out this recent blog post from Coalition co-founder Joshua Motta: “10 costs your cyber insurance policy may not cover (unless it's with Coalition)."
To learn more about Coalition's mission to solve cyber risk and begin quoting business today, log in to Big “I" Markets and select Cyber Insurance – Coalition from the commercial products menu.
Questions? Reach out to Carla McGee, your dedicated cyber liability program manager, at 800-221-7917, ext. 5495. She can give you a personal walk-through of Coalition's proprietary online platform—once you see it, you'll understand what all the excitement is about.