Markets/Coverages: Coalition Provides Expended Cyber Protection in Canada

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it is offering expanded cyber cover in Canada.

Coalition said its “Active Cyber Policy” expands protection for Canadian organizations facing faster-moving ransomware attacks, AI-enabled fraud, and growing regulatory scrutiny.

It integrates Coalition’s most popular endorsements into the base form and introduces clear financial incentives for businesses that invest in proactive risk management. (Editor’s note: The Active Cyber Policy is not available in Quebec where Coalition’s existing policy form will be used.)

“Canadian businesses need a cyber insurance policy that helps them feel confident about navigating the increasingly complex and fast-moving digital threat landscape,” said George Bozanin, head of Canada at Coalition, in a statement. “The Active Cyber policy delivers broader, market leading coverage that’s both easier for brokers to explain and easier for policyholders to implement, creating better value and outcomes.”

The Active Cyber Policy includes a more flexible policy structure, including optional separate limits for breach response costs and unlimited reinstatements for eligible businesses, ensuring maximum protection even after multiple cyber events. Coalition’s Active Cyber Policy also rewards security-conscious businesses, directly tying better security practices and rapid response to lower out-of-pocket costs.

Key enhancements in the Active Cyber Policy include:

AI and deepfake coverage: Explicit coverage for AI‑driven attacks, including malicious use of AI technology, machine learning exploits, and deepfake‑enabled social engineering in funds transfer fraud (FTF) events.
Reduced retention for early FTF reporting: Lower retention for FTF incidents reported within 72 hours, incentivising rapid incident reporting to increase the likelihood of recovering stolen funds.
Unlimited Reinstatements: Policy limits automatically reset for each separate incident, helping ensure one large claim does not exhaust coverage for subsequent events during the policy period. (Note: These are provided by request for eligible businesses under $100 million in revenue, subject to policy terms, conditions and exclusions).
Vanishing Retention: Policyholders can reduce their retention over time by remaining claim‑free and remediating critical cybersecurity issues identified in Coalition Control, directly tying better cybersecurity practices to lower out‑of‑pocket costs. (Note: This is provided by request for eligible businesses under $100 million in revenue, subject to policy terms, conditions and exclusions).
Expanded contingent business interruption: Coverage for business interruption loss when a non‑IT provider experiences a security or systems failure that disrupts the policyholder’s operations.
Optional separate limits 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.
$0 retention when using Coalition Incident Response (CIR): No out‑of‑pocket costs for digital forensics and incident response services when policyholders use CIR, removing a key barrier to fast reporting and decisive action.

The Active Cyber Policy is available for organizations in Canada (excluding Quebec) with up to $5 billion in annual revenue, with up to $20 million in limits. (For organizations in Quebec, quotes and policies will continue to be issued on the existing policy form.)

All new business and renewals quoted on or after March 10 will be issued on the new form. Brokers can receive a quote in minutes through Coalition’s Broker Platform or send a completed application via email to submissions@coalitioninc.com.

Source: Coalition

Related:

Topics Cyber Canada

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