Cyber Insurer Coalition First to Offer GDPR Coverage to Small and Midsize Businesses
The MGA will offer “full-spectrum coverage” to help businesses comply with regulations and more.
Coalition, a San Francisco-based MGA specializing in cyber insurance and risk management services for SMB’s, announced that it will broaden its coverage for General Data Protection Regulation (GDPR) violations. Unlike other cyber insurance policies, Coalition will offer “full-spectrum coverage” to help businesses comply with regulations, protect against alleged violations, and pay resulting expenses and penalties.
GDPR penalties can be costly, as fines may be assessed at 4 percent of an organization’s annual global revenue or 20 million euros…whichever is higher.
