or call: +1 (845) 347-8894

or call: +1 (845) 347-8894
or call: +1 (845) 347-8894
Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, announced the new Coalition Active Cyber Policy, a reimagined United States surplus lines cyber policy with data-driven coverage innovations and comprehensive coverage to protect businesses against the ever-evolving digital risk landscape.
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“With the launch of the Active Cyber Policy, Coalition is setting the standard for market-leading coverage that includes expanded protection against emerging digital threats and specific advantages for security-conscious policyholders,” said Shawn Ram, Coalition’s Chief Revenue Officer. “Active Insurance is built on the predication that proactive security measures significantly reduce the frequency and severity of claims – in fact, our data proves it. And now, brokers can offer improved policy terms that enhance coverage to clients who actively participate in their cyber risk management.”
With this new policy, Coalition has also added or enhanced several key coverages to address emerging risks and provide greater clarity and value to policyholders:
Coalition’s new Active Cyber Policy includes a simplified structure where 11 coverages previously provided by endorsement are now integrated as Insuring Agreements within the base policy, making coverage more transparent and easier to explain. The policy also has a clearer articulation of covered scenarios and triggers, with updated terminology that better reflects today’s cyber landscape.
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Source – Businesswire