Part of Coalition's mission to "solve cyber risk" includes protecting companies from risks that emerge as they adopt more technology. The introduction of the General Data Protection Regulation (GDPR) and pending legislation in California have increased these risks considerably.
That's why Coalition is proud to be the first to provide, standard in the policy, coverage for GDPR actions resulting not only from a data breach, but also from an insured's failure to comply with these new regulations.
The following coverages are now included on all new quotes:
2) Reputational harm loss: now standard on all quotes that include crisis management coverage, with a $250,000 limit to cover any loss of business experienced as a result of negative public relations following a privacy event or security failure
3) Court attendance cost reimbursement: covers the costs and expenses an insured incurs if they are required to appear in court, up to a maximum of $25,000
4) Criminal reward: offers a limit of $25,000 to cover the costs of any reward for information that leads to the arrest and conviction of a cybercriminal
Joshua Motta, Coalition CEO & co-founder, recently participated in a Quora session where he answered questions and shared his perspective on topics ranging from unusual hacking strategies to his unconventional career path to becoming the co-founder of a cyber insurance company.
To learn more, log in to Big “I" Markets and select Cyber Liability – Small Business Solution from the commercial products menu, or contact Carla McGee, dedicated cyber program manager.