Insuranceciooutlook

Coalition Joins Hands with QuickBooks to Provide Leading Cyber Insurance Coverage to Small Businesses

Insurance CIO Outlook | Tuesday, July 13, 2021

Joshua Motta, Co-Founder and CEO, Coalition

Customers of Intuit QuickBooks may now get full coverage from the QuickBooks ecosystem quickly and affordably through Relationship.

FREMONT, CA: Coalition, the leading cyber insurance and security provider, has partnered with Intuit to provide QuickBooks clients with complete cyber insurance coverage to safeguard their businesses. Millions of QuickBooks clients will be able to access a streamlined quote and purchase procedure for Cyber Insurance through Coalition as part of this announcement.

Like phishing operations and ransomware attacks, the growing automation of cybercrime has disproportionately affected small and midsize businesses that may have escaped detection previously. Even though cyber insurance claims are among the most common insurance claims made by small and medium-sized organizations, the vast majority of them remain uninsured.Because of Coalition's partnership with Intuit, small company customers may now get coverage directly through the QuickBooks environment, which is convenient and affordable.

"Small businesses are increasingly targeted by cyber-crime, and the losses they face can be catastrophic," said Shawn Ram, Head of Insurance for Coalition. "Teaming up with Intuit enables us to bring our leading insurance and security solutions to microbusinesses and make them resilient to cyber threats."

"Together with Coalition, we've created a simple and quick way for QuickBooks customers to purchase and manage their cyber insurance," said Mauricio Comi, Head of Insurance for Intuit Quickbooks. "Cyber threats have quickly become one of the leading risks for our customers, therefore we are developing comprehensive coverage and innovative tools to help QuickBooks small business owners manage their risk."

Coalition's one-of-a-kind product and partner offerings combine best-in-class cyber insurance with proactive cybersecurity technologies to assist businesses in managing cyber risks and protect their overall business value. Its cybersecurity tools and partner ecosystem helps to prevent incidents in the first place. At the same time, its comprehensive cyber insurance covers the full range of cyber risks, including cyber-crime, forensics, bodily injury and property damage, and more, to assist before, during, and after a crisis.

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