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. Organizations 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.
$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.
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 was insured by Coalition, 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.
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Coalition’s products are offered with the financial security of Allianz Group* (A.M. Best A+ rating), Arch Specialty Insurance Company (A.M. Best A+ rating), Ascot Group** (A.M Best A rating), Fortegra Group (A.M. Best A- rating), Lloyd’s of London (A.M. Best A rating), Swiss Re Corporate Solutions*** legal entities (A.M. Best A+ rating), Vantage Risk Specialty Insurance Company (A.M. Best A- rating), and Chaucer Insurance Company DAC (A.M. Best A rating).
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* Insurance products are offered in the U.S. by Coalition Insurance Solutions Inc., a licensed insurance producer and surplus lines broker. Insurance products may not be available in all states, For further details see here. ** Insurance products may be underwritten by Ascot Specialty Insurance Company, Ascot Insurance Company, or an affiliated company, which are members of Ascot Group. *** Insurance products may be underwritten by North American Capacity Insurance Company, Swiss Re Corporate Solutions America Insurance Corporation, or an affiliated company, which are members of Swiss Re Corporate Solutions. Fortegra® is the marketing name for the service contract and insurance operations of the subsidiaries of The Fortegra Group, Inc.