Coterie Insurance Now Offers Commercial Cyber Insurance to Address Emerging Risks  

Coterie Insurance, the partnership-focused insurtech MGA simplifying small business insurance, announced the availability of cyber insurance on its platform through a new partnership with Berkley Re Solutions and TransUnion.

Source: Coterie

With coverage from Berkley Re Solutions and cyber insurance services from TransUnion’s TruEmpower™ Cyberscout solutions, Coterie now provides Berkley Re’s custom turnkey solutions within its existing seamless user experience.  

“Our agents and brokers have been asking for expanded coverage options as small businesses are at risk for numerous perils, including increasingly becoming targets for cybercriminals,” said Bobbie Collies, Chief Insurance Officer at Coterie Insurance. “Now Coterie users can easily add cyber insurance to new policies quickly and efficiently, further safeguarding their small business clients.”   

“We are excited to partner with Coterie to offer increased protection options to more agents and brokers serving small businesses,” said Christopher Ellis, SVP & Head of Turnkey Solutions at Berkley Re Solutions. “Our combined expertise, resources, and partnerships create a powerful offering that supports the needs of our partners and their clients.” 

By leveraging TransUnion’s Cyberscout solution, Coterie is now providing enhanced cyber risk services to better assist small businesses in response to cyber incidents. In the event of a breach or cyber attack, Cyberscout delivers robust cyber claims management, incident response, and forensics services that help assess the severity of a cybersecurity incident. Moreover, Cyberscout services support the crisis management process to help mitigate damage, communicate with stakeholders, and preserve and restore the business’s reputation. 

“The aftermath of a data breach can feel chaotic for a business owner, and it’s difficult to even know how to begin addressing the situation,” said Matt Cullina, Head of TransUnion’s global cyber insurance business. “Cyberscout’s services are both technical and consultative to assess and repair the damage, while helping small business owners navigate the process—so they can focus on protecting their customers as well as their brand.” 

Read the article: https://coterieinsurance.com/newsroom/press-releases/coterie-now-offers-cyber/

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