Flow vs. Coalition

Flow Specialty offers tailored cyber liability insurance solutions designed to protect businesses across diverse industries from the escalating threats associated with cyberattacks. Their comprehensive policies include features such as data breach response, coverage for business interruptions, protection against ransomware and extortion, liabilities related to network security, social engineering fraud, and penalties associated with regulatory and privacy violations. They specifically serve sectors including technology and IT services, finance, healthcare, retail and e-commerce, manufacturing, supply chain, public entities, and critical infrastructure. In addition, Flow Specialty seamlessly integrates cybersecurity services with their insurance offerings to ensure clients remain compliant with evolving privacy laws. They provide choices on both admitted and non-admitted paper and possess a wealth of experience in managing risks for small and medium-sized enterprises, while also having the capacity to create large limit towers for more complex exposures. With extensive market access through various distribution channels, Flow Specialty is well-prepared to address the distinct requirements of each client. Their commitment to client service ensures that businesses receive not just insurance, but also valuable risk management support tailored to their specific challenges.

Every business, regardless of its industry or size, faces potential cyber threats. A large portion of those affected by cyber incidents are small to medium-sized enterprises, which frequently disclose that their antivirus and intrusion detection systems have not been successful in thwarting attacks. The average claim amount reported by policyholders with Coalition highlights an urgent need for robust cybersecurity solutions. Coalition provides protective measures by implementing strategies aimed at preventing incidents before they happen. Our state-of-the-art cybersecurity platform is crafted to help your business conserve time, money, and reduce stress. We offer a comprehensive array of security tools at no additional cost to our insurance policyholders. Furthermore, we alert you if there is any compromise to your employees' credentials, passwords, or other sensitive information through third-party data breaches. Given that over 90% of security breaches stem from human error, educating your staff becomes essential. Our engaging, narrative-driven training platform, combined with simulated phishing exercises, is designed to instill best practices among your workforce. Ransomware remains a significant threat, capable of holding your systems and data hostage. To address this challenge, our all-inclusive threat detection software protects against malicious malware that often goes undetected. By prioritizing investments in cybersecurity training and resources, businesses not only bolster their defenses but also empower their teams to recognize and react to potential threats effectively. It is crucial for organizations to remain vigilant and proactive in their cybersecurity strategies to mitigate risks.