Coalition Announces Cyber Insurance for Smart Buildings: Comprehensive Coverage for Real Estate Developers and Property Managers
"Over one billion IoT devices and sensors will be installed in commercial buildings by the end of 2018. So called "smart buildings" offer enormous safety and productivity benefits, but also come with new security risks," said
Offered with the financial strength of
Features of
- Risk Assessment: Coalition's underwriting platform utilizes tens of thousands of data points to assess the risk surface of a company or smart building in a matter of minutes, including a review of exposed Internet-connected IoT devices. Risk assessments are made available to all clients, and include remediation assistance.
- Premium Discounts: Existing security controls and measures are taken into account automatically during the underwriting process, and may result in a reduction of the policy premium.
- Bespoke Policies: All Coalition policies can be customized to the specific exposures of a firm or building, including coverage for data breach, bodily injury, property damage, and pollution in the event of a security failure. IoT devices are affirmatively covered across all coverages.
- Coalition Apps Platform: All policies include a number of cyber security tools available at no additional cost:
- Threat Monitor App: identifies and alerts customers to new IoT devices on their properties and networks that are exposed on the Internet, and
- Patch Monitor App: scans for out-of-date software, and alerts customers when new vulnerabilities, updates, and patches are announced,
- Among other apps.
- Security expertise: Coalition's dedicated team of security specialists is available to proactively assist policyholders, and to help ensure resiliency in the event of a cyber security failure.
Information about Coalition's full suite of cyber insurance offerings and cyber security apps can be found on the company's website.
About Coalition
Coalition, the cyber risk solution from
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SOURCE Coalition
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