From data breaches and denial of service attacks to theft of credit card data, retailers face a number of cyber risk exposures
50%
Percent of retailers that experienced a data breach in the last year
$52,000
Average claim size for Coalition’s SMB retail policyholders
75%
Percent of cyber attacks on retailers stemming from denial of service (DDoS) and payment skimming attacks
Cyber insurance specifically designed to help retailers — both online and offline
Restoration of digital assets, including sensitive customer information and credit card records
PCI fines and penalties resulting from exposure of customer credit card data
Business interruption losses from cyber attacks against you or your suppliers
Enhanced coverage for denial of service (DDoS) attacks that impede legitimate traffic to your business
Funds transfer fraud losses arising from a security failure or social engineering
Costs to respond to a ransomware (extortion) incident
Coverage for consequential reputational harm loss, and media and PR costs to respond to an incident
Related Case Studies
Toy retailer wards off DDoS attacks
A threat actor was taking a toy retailer’s store offline every day. Coalition uncovered an old firewall rule that was letting them in.
CIR negotiates ransom for healthcare company
Without uncompromised backups, ransomware victims may have to pay their attackers, but Coalition can help negotiate lower demands.
Insurance products offered by Coalition may be written on behalf of third-party carriers including Allianz Group* (A.M. Best A+ rating), Arch Specialty Insurance Company (A.M. Best A+ rating), Ascot Group** (A.M Best A rating), Fortegra Group (A.M. Best A- rating), Lloyd’s of London (A.M. Best A rating), Swiss Re Corporate Solutions*** legal entities (A.M. Best A+ rating), Vantage Risk Specialty Insurance Company (A.M. Best A- rating), and Chaucer Insurance Company DAC (A.M. Best A rating).
