| Security incidents, data breaches, and technology failures aren't just cyber risks, but sources of professional liability for technology companies. Coalition's technology risk policyholders' average claims costs are
$190,000 with 33% of claims resulting from a web application compromise. Coalition protects tech companies with security tools and tailored cyber and professional liability coverage: -
Coverage for technology errors & omissions
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Coverage for consequential reputational harm loss, and media and PR costs to respond to an incident
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Enhanced coverage for denial of service (DDoS) attacks that impede legitimate traffic to the policyholder's business
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Costs to replace computer systems and other technology damaged in a cyber attack
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Costs to respond to a ransomware (extortion) incident
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Funds transfer fraud losses arising from a security failure or social engineering
Policyholders receive a full suite of security apps including 24/7 security monitoring, automated threat and intelligence alerts, DDoS mitigation, security benchmarking, ransomware protection, employee training, patch reminders, and more—all at no additional cost! When an incident happens, Coalition's dedicated 24/7 incident response and claims team helps policyholders respond to an incident. Coalition's team of security and insurance experts are dedicated to getting your clients back up and running following a cyber incident.
Read this case study to learn about how Coalition was able to help a technology company overcome a ransomware attack. This same team is available as a pre-breach resource to help policyholders implement security and loss controls, again, all at no additional cost! Ready to protect your technology clients? Log in to
www.bigimarkets.com to create a quote in less than 4 minutes! Contact
Carla McGee, your dedicated Cyber Insurance Program Manager, with any questions or to walk you through a quote.
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