On April 15, 2025, Coalition is releasing a new version of our surplus lines (non-admitted) Coalition Cyber & Technology Policy, which directly replaces the current version.
This change comes amidst a constantly evolving cyber threat landscape, in which we remain committed to addressing emerging risks, all while delivering unique value for policyholders who demonstrate strong security practices.
Why We're Updating Our Policy
The Cyber market has evolved significantly since the introduction of our current Cyber Policy in 2017. After years of expanding our coverage through endorsements, we're taking the next step by consolidating our extensive policy into a more efficient document, moving several coverages from endorsements to the base form.
Our goals with this update are to:
- Simplify our policy structure without sacrificing coverage breadth
- Create a more user-friendly experience for brokers and insureds
- Consolidate years of enhancements into a cohesive base form
What’s Changing?
The updated policy will feature:
- A streamlined structure incorporating key coverages into the base form
- Coverage enhancements that expand protection to address emerging risks
- Improved readability through modernized, clear policy language
- Enhanced navigation through digital-first design with hyperlinked sections
Expanded Base Form with Broader Coverage
The new Coalition Cyber & Technology Policy streamlines the policy structure by integrating the following coverages into the base form (previously available by endorsement).
- Computer Replacement Costs
- Non-IT Vendor Contingent Business Interruption
- Reputational Harm Loss
- Proof of Loss Preparation
- Service Fraud Including Cryptojacking
- Impersonation Repair
- Invoice Manipulation
- Funds Transfer Liability
- Technology Errors and Omissions (if applicable)
- Court Attendance
- Criminal Reward
Coverage Enhancements
The following are key coverage improvements that deliver enhanced protection and offer advantages for security-conscious policyholders.
| Coverage | Description |
| Innovations that Benefit Security-Conscious Policyholders | |
| Reduced Retention for Early FTF Reporting | Encourages prompt action by lowering the retention for Funds Transfer Fraud (FTF) when incidents are reported within 72 hours of initial transfer. |
| $0 Retention when using Coalition Incident Response | No out-of-pocket costs for digital forensics and incident response when policyholders use Coalition Incident Response (CIR). |
| Additionally, Coalition offers premium credits of up to 12.5% for Coalition MDR adoption and up to an additional $50K in Funds Transfer Fraud sublimits for policyholders who implement Coalition Security Awareness Training. | |
| Meaningful Coverage Enhancements | |
| Expanded Affirmative AI Coverage | Explicit coverage for artificial intelligence-related security events, including protection against AI-caused security failures and deepfake-enabled FTF. |
| Optional Separate Limit for Breach Response Costs | Flexibility to include Breach Response costs as a separate limit, preserving the full limits of the main policy for other potential claims. |
| Expanded Definition of Privacy Liability | Broadens third party privacy coverage to include violations of privacy law, extending protection beyond just violations of the insured's own privacy policy. |
| SEC Cybersecurity Disclosure Coverage | Covers legal expenses related to new SEC cybersecurity disclosure requirements, including materiality assessments and regulatory filings (relevant for public companies). |
| Affirmative Betterment Costs for Data Recovery and Computer Replacement | Covers the costs to upgrade software and replace computers and networking equipment after a security failure. |
| Proof of Loss Preparation | Reimburses costs for engaging third-party forensic accountants to prepare proof of loss documentation for business interruption or cyber crime claims. |
| Rapid Response Services | Provides immediate access to critical resources when facing an incident; not subject to any retention or Limit. Includes 24/7 hotline support, legal consultation from panel providers, and direct assistance from Coalition Incident Response (CIR). |
We’ll continue to update this page as more information is available. Check back for more information, including:
- Specimen documents
- Comparison table
- Broker resources and materials