Many organizations work with an outsourced IT management company, sometimes called a Managed Service Provider (MSP), to manage their networks and computer security. While you would likely turn to your MSP first in the event of an IT or cyber emergency, you are ultimately responsible for the security of your data. 

In the event of a data breach, you will usually need to hire attorneys and forensic analysts to uncover the root of the problem. You may also need to hire a public relations firm, pay for data breach notifications, pay regulatory fines, pay additional IT costs to your MSP, and could be subject to civil and criminal legal complaints. These are not costs your MSP will typically cover — rather, your organization will be on the hook. As such, Coalition does not replace your MSP: we help to mitigate the financial risks of cybersecurity to your business.

At Coalition, we’re more than an insurance company. Through our pre-claims assistance, included at no additional cost to our policyholders, our forensic team will work directly with you and your MSP in the event of a suspected data breach and help provide immediate and actionable advice. In doing so, we’re able to save you the upfront costs and headaches associated with a data breach, reduce the impact of a breach, and get you back to business as quickly as possible.

Did this answer your question?