Coalition Insurance Ratings
Coalition Insurance Reviews 2023 (Ratings, Complaints & Coverage). Coalition Insurance, founded in 2017, is not like the many other insurance companies that have recently entered the market.
Yes, Coalition is a specialized company that focuses on providing cyber insurance, and yes, Coalition makes heavy use of innovative technologies to do so.
Established by two cyber security experts, however, the company's overarching goal is to mitigate risk, and it is doing that with the help of a cyber security platform that will, in fact, reduce the risk that its policyholders face cyber attacks in the first place.
That means higher profits for Coalition - and higher profits for its policyholders, too.
If you are a small business owner looking to buy Coalition business insurance, read Coalition insurance reviews to learn about their products.
Check out Coalition Insurance reviews, ratings, complaints & coverage for cyber liability, errors and omissions and other small business insurance commercial policies.
Following are some of the answers to commonly asked Coalition insurance questions:
- Does Coalition Offer Business Insurance?
- What Types Of Commercial Insurance Does Coalition Offer?
- How Much Does Coalition's Small Business Insurance Cost?
- Are Coalition's Commercial Insurance Reviews & Ratings Good?
Does Coalition Offer Business Insurance?
Yes, Coalition Insurance offers two different kinds of commercial insurance primarily geared toward businesses within the health, ecommerce, manufacturing, and legal sectors.
What Types Of Commercial Insurance Does Coalition Offer?
Coalition Insurance offers Cyber Insurance (also sometimes called Cyber Security Insurance) and Tech E&O (Errors & Omissions, also called Professional Liability coverage, focused on claims of professional negligence or malpractice relating to technology and data).
Coalition focuses solely on insurance products geared toward cyber threats. They offer:
- Comprehensive Cyber Insurance that can cover damages of up to $15 million, including stolen funds, the costs of data breaches, lost revenue, replacement of digital assets (software and hardware) and damage caused by loss of reputation.
- Tech Errors & Omissions coverage, which is coverage that protects companies in the event that they are sued following a cyber security incident.
Coalition is able to offer coverage to companies of any size, including small startups, with a focus on sectors that face the largest cyber security threats. Among these are the healthcare and legal sectors, which are responsible for extremely sensitive data, as well as ecommerce and manufacturing. The Coalition Insurance reviews are above average online.
How Much Does Coalition's Small Business Insurance Cost?
Unlike other types of insurance, such as General Liability Insurance or Workers' Compensation coverage, Cyber Insurance is a type of coverage uniquely tailored to the needs of each company - and Coalition offers more than insurance alone.
It also provides cyber security tools and round-the-clock incident response services. While the average annual cost of Cyber Security coverage is around $1,500, the cost of coverage through Coalition will depend on your business' Industry, Location, Gross Sales, Employees and/or Payroll, Policy Limits, Endorsements, Deductibles, Experience & Claims History.
About Coalition Insurance
Coalition Insurance was established by entrepreneurs who understand the threats their policyholders face better than anyone - cyber security experts with experience in intelligence.
The company's more than 10,000 existing clients benefit not only from insurance products, but also from cyber security tools that focus on risk management.
As this reduces the risk that a company will ever fall victim to digital crimes, which are on the rise and threaten nearly every sector now, Coalition's approach offers many advantages beyond insurance alone.
On their website they say, "We're here to solve cyber risk. This means not only preventing security failures, but helping organizations mitigate and recover from them when they occur. Resiliency! And our approach is catching on. Coalition currently has more than 10,000 customers who have insured over $12 billion of their risk. We're excited to continue democratizing access to cybersecurity for everyone, all the while sharing our customers' incentives to prevent and mitigate losses."
Coalition Insurance Quoting Process
Business owners interested in purchasing Cyber Insurance or Tech E&O can connect with a broker through Coalition's website. This will set the highly-personalized quoting process in motion, as Coalition needs to gain insights into your company's risk profile. We couldn't find any Coalition Insurance reviews for quoting.
Coalition Insurance Claims Process
Claims can be filed 24/7, and Coalition also offers an always-available incident response service to help businesses respond to digital threats quickly, minimizing the damage. We weren't able to locate any Coalition Insurance reviews for claims.
Coalition Insurance Pros And Cons
Pros
- Coalition has strong backing from A-rated lenders such as Lloyd's and Arch Specialty Insurance.
- Coalition Insurance offers cyber security services in addition to insurance products.
Cons
- Coalition Insurance is a specialized insurance company that exclusively offers cyber insurance products; companies looking for comprehensive insurance through a single insurer will have to look elsewhere.
Are Coalition's Commercial Insurance Reviews & Ratings Good?
Yes, Coalition Insurance reviews are favorable from clients across different sectors. Through these reviews, it becomes clear that Coalition has an extremely responsive team.
The company's unique approach to Cyber Insurance has led this young insurance company to gain popularity very quickly.
Following are the Coalition Insurance ratings we found online:
- Better Business Bureau - The BBB has no ratings.
- TrustSpot - TrustSpot rates them 5 out of 5 stars.
- GlassDoor - GlassDoor rates them 4.4 out of 5 stars.
Coalition's Contact Information
Address: 969G Edgewater Blvd Ste 762, Foster City, CA 94404-3824
Website: https://www.coalitioninc.com
Coalition Insurance Reviews - The Bottom Line
Coalition Insurance offers strong Cyber Insurance products to businesses in numerous different fields of industry, and of any size.
With a mission of risk mitigation, however, Coalition's team also offers another advantage - that of offering the tools that allow companies to prevent cyber attacks before they ever happen.
As a specialized insurance company, Coalition Insurance reviews are above average and have financial backing from A-rated insurers.
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