| Take Note of Three Important Coalition Updates: 2 Additional Admitted States, Enhanced Broker Resources & Surplus Lines Policy Fee Increase
With the recent addition of Virginia and Massachusetts, Coalition's cyber product is now admitted in 40 states and DC. The broad underwriting appetite and customizable coverages allow agents to turn to Coalition as a one-stop shop for commercial cyber liability coverage.
In addition to a recent announcement about Coalition's new broker resources, Coalition has added coverage comparisons to the wealth of resources available online. These resources are a great starting point in helping agents compare coverages. A full comparison is dependent upon review all forms and endorsements provided in the quotes.
Also, effective Feb. 1, 2020, the policy fee for Coalition surplus lines policies will increase from $100 to $125. Due to regulation restrictions, New Jersey, Michigan, Montana, New Hampshire and South Dakota are not affected. This change is to cover increased administrative costs. Current quotes advising of the $100 policy fee will be honored.
Reach out to Carla McGee, your dedicated cyber liability program manager, if you have any questions or would like to walk through a quote.
|