Security incidents, data breaches, and technology failures aren’t just cyber risks, but sources of professional liability for Technology companies
$190,000
Average claim cost for Coalition’s technology policyholders
33%
Percent of claims resulting from a web application compromise for Coalition’s technology policyholders
$135,000
Average claim cost for a technology failure for Coalition’s technology policyholders
Coalition protects tech companies with security tools and tailored cyber and professional liability coverage
Coverage for technology errors & omissions — professional liability coverage for tech companies
Costs to respond to a ransomware (extortion) incident
Funds transfer fraud losses arising from a security failure or social engineering
Costs to replace computer systems and other technology damaged in a cyber attack
Coverage for consequential reputational harm loss, and media and PR costs to respond to an incident
Enhanced coverage for denial of service (DDoS) attacks that impede legitimate traffic to your business
Other Industries
Coalition’s insurance products are offered with the financial security of Swiss Re Corporate Solutions* (A+ ratings by A.M. Best) and Arch Insurance Canada Ltd (A.M. Best A+ rating).
© 2021 Coalition, Inc.
*Insurance products are underwritten by Westport Insurance Corporation, a member of Swiss Re Corporate Solutions