In a significant expansion of its capabilities and a noteworthy achievement in the insurance industry, Coalition Insurance Company (CIC)—a leading figure in the realm of cybersecurity insurance—has announced its readiness to provide quotes throughout the United States and the District of Columbia. This move marks a critical step in the company’s mission to offer comprehensive cyber insurance solutions across the nation, reinforcing its position as a pivotal player in mitigating digital risk for businesses.

San Francisco-based Coalition, known for pioneering the concept of Active Insurance, has established itself as an innovator in creating products that preempt digital threats. The announcement from CIC, a U.S. admitted carrier entirely owned by Coalition and specialized in cyber insurance, comes on the heels of having its A- (Excellent) Financial Strength Rating affirmed by AM Best. This affirmation, as of March 28, 2024, underscores the company’s robust financial foundation and stability, critical indicators of an insurance company’s ability to meet its ongoing insurance policy and contract obligations.

Coalition’s journey in transforming how businesses approach cyber risk began with its establishment as the first company to integrate active cybersecurity measures with insurance products. Its recent expansion means that small and midsize businesses across every U.S. state and the District of Columbia can now access CIC’s admitted cyber coverage. These tailored solutions are informed by Coalition’s unparalleled insights into cyber risk management, emerging threat trends, and extensive cyber claims data, ensuring businesses receive proactive protection essential for navigating the digital age.

Moreover, the expansion serves as a testament to Coalition’s unique approach to cyber insurance, emphasizing not just recovery post-incident but active prevention and risk management. Policyholders under CIC will benefit from Coalition Control™, a comprehensive risk management platform that exemplifies this preventive approach. This platform leverages automated security alerts, threat intelligence, and cybersecurity tools, equipping businesses to fend off cyber threats before they impact operations.

The insurance products offered by CIC undergo reinsurance with a panel of carriers, illustrating a strategic approach to spreading risk and ensuring the carrier’s longevity and reliability. Beginning its quoting of admitted cyber products in March 2023, CIC has rapidly expanded its reach across the country, signaling robust growth and a commitment to meeting the cyber insurance needs of a diverse business landscape.

As businesses increasingly navigate complex digital environments, the demand for sophisticated cyber insurance solutions that offer more than post-incident support continues to rise. Coalition’s expansion through CIC into all 50 U.S. states and the District of Columbia represents a pivotal moment in the cyber insurance sector. It not only broadens the availability of essential cybersecurity protection but also reiterates the importance of an integrated approach to managing digital risks. This development signifies a new era of cyber resilience, promising comprehensive support for businesses in the face of evolving digital threats.

For more information on Coalition Insurance Company and its offerings, including the latest credit ratings and details on coverage, interested parties are encouraged to reach out via contact details provided by the company.