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Description

All businesses, irrespective of their sector or scale, are susceptible to cyber threats. A significant percentage of cyber loss victims consist of small to medium-sized enterprises. These SMBs often report that their antivirus and intrusion detection systems have failed to prevent attacks. The average claim amount for policyholders with Coalition indicates a pressing need for effective cybersecurity measures. Coalition offers protection by taking proactive steps to avert incidents before they arise. Our advanced cybersecurity platform is designed to save your business valuable time, financial resources, and unnecessary stress. We offer our suite of security tools at no extra charge to those who hold our insurance policies. Additionally, we notify you if your employees' credentials, passwords, or other sensitive data are compromised in third-party data breaches. With over 90% of security breaches resulting from human mistakes, it's crucial to educate your workforce. Utilize our interactive, story-driven training platform and simulated phishing exercises to reinforce best practices. Ransomware poses a serious threat by effectively taking your systems and data hostage. To combat this, our all-encompassing threat detection software ensures safeguarding against harmful malware that often goes unnoticed. By investing in cybersecurity training and resources, businesses can significantly reduce their vulnerability to attacks.

Description

Cyber liability insurance serves as a safeguard for small businesses against the substantial financial repercussions stemming from data breaches and cyberattacks. It encompasses various costs, including notifying customers, providing credit monitoring services, covering legal expenses, and paying fines. With the rise in frequency and cost of cyber threats, small businesses, often equipped with inadequate cybersecurity measures, find themselves at heightened risk. A cyberattack can have dire consequences, potentially leading to a business's closure; startlingly, 60% of small businesses do not survive beyond six months following such an incident. By securing cyber insurance, businesses can mitigate the financial fallout from these attacks, ensuring coverage for legal fees, credit monitoring, and other significant expenses. Furthermore, in instances where hackers demand ransom for stolen sensitive information, cyber liability insurance can assist in meeting those demands, facilitating a more robust recovery process for the affected business. Thus, this type of insurance is not merely a precaution but a vital component of a small business's risk management strategy.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

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Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Coalition

Founded

2017

Country

United States

Website

www.coalitioninc.com/cybersecurity

Vendor Details

Company Name

Insureon

Founded

2011

Country

United States

Website

www.insureon.com/small-business-insurance/cyber-liability

Product Features

Cybersecurity

AI / Machine Learning
Behavioral Analytics
Endpoint Management
IOC Verification
Incident Management
Tokenization
Vulnerability Scanning
Whitelisting / Blacklisting

Incident Response

Attack Behavior Analytics
Automated Remediation
Compliance Reporting
Forensic Data Retention
Incident Alerting
Incident Database
Incident Logs
Incident Reporting
Privacy Breach Reporting
SIEM Data Ingestion / Correlation
SLA Tracking / Management
Security Orchestration
Threat Intelligence
Timeline Analysis
Workflow Automation
Workflow Management

Product Features

Alternatives

Alternatives

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