Big “I” Markets Partners with Coalition to Offer Cyber and Technology E&O Coverage
Cyber insurance premiums are estimated to reach
"Cyber risks are becoming more pervasive and devastating, yet most small businesses remain unprotected," says
Coalition is the first insurance-enabled technology firm built to help businesses before, during and after a cyber incident. During the online quoting process, the insured's network and web properties undergo an automated risk assessment to identify known issues and potential weaknesses in the insured's security posture. Once coverage is bound, Coalition provides ongoing monitoring for new and emerging threats specific to the information technology used by the insured, adding an extra layer of defense. All policies include this technology-driven approach— which includes automated alerts, threat intelligence and ongoing policyholder monitoring— along with a dedicated claims and security team should a breach occur.
"Our partnership with Big 'I' Markets advances our mission to solve cyber risk," says
Through the Big "I" Markets platform, any Big "I" member agency can quote and bind insurance online. Big "I" members also have direct access to Coalition's licensed agents and renowned cybersecurity experts via online chat throughout the sales and underwriting process.
In addition to protecting clients with cyber insurance coverage, independent insurance agents are also protecting their own liability. "'Failure to offer' continues to be a leading cause of insurance agency E&O claims," says
With the addition of
Learn more at www.bigimarkets.com.
Big I Advantage® is a for-profit subsidiary of IIABA and wholly owned holding company that operates a nationally licensed insurance agency administering the Big "I" Professional Liability program, Big "I" Markets and a number of other well-known member benefits including personal umbrella and flood programs, and providing oversight of
The
Coalition, the cyber risk solution from
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SOURCE Coalition
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