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case study

Digital Risks have Physical Consequences

Cyber risk is no longer limited to computers or data. The ramifications of a cyber breach or computer failure extend to the whole spectrum of equipment, processes, and people connected to that system. Organisations can suffer financial and intangible damages beyond just bits and bytes. That’s why Coalition’s policy covers related exposures like bodily injury, property damage, and pollution.

Broker going over documents on a clipboard

Industry

Manufacturing

Company

  • Employees: 1,000+

  • $225 million in revenue with thousands of endpoints

  • Heavy use of operational technology including ICS and SCADA systems

Thank you for your quick response to this claim. Less than two hours, and you’ve already set-up and assigned the claim and made contact with the insured – amazing! I don’t think I have ever seen a quicker response to a claim.

Case Study

One of Coalition’s policyholders, a manufacturer that produces industrial components, experienced a cyber attack on their industrial control systems (ICS). The company’s system controlled their production line, and when the hacker gained remote control of the ICS, they inflicted significant damage on the production equipment and destroyed the in-process components.

Thankfully, the company had cyber insurance, and their Bodily Injury and Property Damage and Business Interruption coverages went into effect. Even better, Coalition’s Security Incident Response Team (SIRT) helped them regain control of their systems and secure their network to prevent another attack from occurring.

Coalition’s industry-leading policy provides coverage for the real exposures businesses face and that other carriers don’t cover. With the broadest coverage and proactive cybersecurity tools, you’re safer with Coalition.

* The claim scenarios described here are intended to show the types of situations that may result in claims. These scenarios should not be compared to any other claim. Whether or to what extent a particular loss is covered depends on the facts and circumstances of the loss, the terms and conditions of the policy as issued and applicable law.