Comprehensive Coverage And Risk Management Tools Tailored For Charitable Organizations
SAN FRANCISCO, CA – (September 28, 2018) — Coalition, the first technology-enabled cyber insurance solution, today announced Coalition for Nonprofits, a cyber insurance offering specifically designed to help charitable and volunteer-based organizations address and mitigate cyber risks.
“Nonprofits do great things in our society, but this does not exempt them from cyber incidents; they face the same exposures as any for-profit organization, often with fewer resources to defend themselves,” said Joshua Motta, Founder & CEO of Coalition. “From donation processing to online volunteer scheduling, the risk exposures of nonprofits have grown exponentially as they’ve embraced technology. Any breach of sensitive donor information, highly prized by cyber criminals, can be extremely costly and devastating reputationally for a class of organizations that depend upon the confidence of their donors and supporters. Any cyber incident could result in substantial liability, income loss, or reputational harm, among other exposures.”
Offered with the financial strength of Swiss Re Corporate Solutions and Argo Group, Coalition provides up to US$10 million of comprehensive cyber insurance coverage designed to cover a broad array of exposures, including regulatory defense, breach costs, cyber extortion, business interruption, funds transfer fraud, and computer replacement, among others, as well as a full suite of cyber security tools for small to midsize organizations.
“Cybersecurity is expensive, and most nonprofits lack the budget or personnel to establish a dedicated security program. Yet now more than ever, it is essential that they protect themselves and their reputations,” Motta adds. “Coalition for Nonprofits is designed to specifically address these needs, providing comprehensive insurance coverage and security tools tailored to a charitable organizations’ unique needs – all at an affordable price.”
Features of Coalition for Nonprofits include:
A wide variety of food banks, churches, social service organizations, and other donor service organizations are among the nonprofit customers already benefiting from Coalition’s unique approach to cyber risk management. Among them is Unbound, an international nonprofit organization bringing people together to challenge poverty in new and innovative ways.
“Through our relationship with Coalition, we’re proactively taking measures to protect our donors, as well as the future of our organization,” said Bill Hansen. “As a group working hard to put every dollar possible into our programs and services, safety and savings are equal priorities. Coalition for Nonprofits gives us a comprehensive cyber solution at a competitive rate, and with that comes enormous peace of mind.”
Information about Coalition’s full suite of cyber insurance tools and cyber security apps can be found on the company’s website.
Coalition, the cyber risk solution from Joshua Motta and John Hering, combines comprehensive insurance and free cybersecurity tools to help businesses manage and mitigate cyber risk. Backed by A+/A rated insurers Swiss Re Corporate Solutions and Argo Group, Coalition provides companies with up to $10M of cyber and technology insurance coverage in all 50 states and the District of Columbia. Coalition’s cyber risk management platform provides automated security alerts, threat intelligence, expert guidance, and tools to help businesses remain resilient in the face of cyber attacks. Coalition is headquartered in San Francisco. For more information about Coalition, visit www.coalitioninc.com or follow us on Twitter @SolveCyberRisk.