Coalition Announces New Miscellaneous Professional Liability Insurance Coverage

Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, today announced it now offers Miscellaneous Professional Liability (MPL) Insurance. This coverage helps protect against the impact of a claim that a business committed errors and omissions in performing a professional service.

Coalition’s MPL Insurance coverage is available by endorsement to Active Cyber Insurance policies through existing capacity providers for a wide range of industries to cover defense costs, settlements, judgments, and other claims-related expenses.
“The professional services industry is rapidly expanding – projected to grow more than 6% over the next four years – because it plays a critical role in almost every type of business,” said Shawn Ram, Coalition’s Head of Insurance. “It’s so important for these organizations that are embedded in the fabric of the business ecosystem to be protected against liability associated with committing errors and omissions.”

Coalition’s streamlined Active Risk Assessment makes securing Cyber and MPL Insurance coverages easier, with only around ten supplementary data points required to quote an endorsement. Brokers can save time by adding MPL to existing Coalition Cyber Insurance quotes and offer their clients a cost- efficient way to add MPL protection to their cyber coverage package.
“Instead of going to multiple insurers or working with multiple underwriters, brokers can come to Coalition for quotes for Cyber and MPL coverage,” Ram added. “It can be incredibly difficult to manage claims that involve Cyber and MPL coverages with separate carriers. By providing both coverages, brokers and insureds can manage their policies – and any claims that occur – in one place, making the process of getting business back up and running as smooth as possible.”

About Coalition
Coalition is the world’s first Active Insurance provider designed to help prevent digital risk before it strikes. By combining comprehensive insurance coverage and cybersecurity tools, Coalition helps businesses manage and mitigate digital risks. Coalition offers its Active Insurance products in the U.S., the U.K., Canada, and Australia through relationships with leading global insurers and cyber capacity through its own carrier, Coalition Insurance Company. Coalition’s Active Risk Platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses worldwide remain resilient against cyber attacks. Headquartered in San Francisco, Coalition is a distributed company with a global workforce that collaborates digitally and in office hubs.