Coalition Insurance Company has received approval to launch its SMB Cyber insurance program in Virginia. The program, submitted on November 29, 2022, was officially approved and filed on September 18, 2023, under SERFF Tracking Number COAL-133472806.

The filing introduces Coalition’s Cyber Policy 3.0, offering a modular coverage suite tailored for small and medium-sized businesses. It includes numerous endorsements such as coverage for cyber extortion, contingent business interruption, system failures, funds transfer fraud, and privacy violations. The program also adopts Virginia-specific modifications and updates to comply with state regulations.

Notably, the filing does not reflect a rate level change and is marked with $0 in written premium impact, signaling it as a new program launch with no in-force policies at the time of filing.

Coalition’s multi-layered form set reflects a modern approach to cyber risk, combining tech-forward underwriting with granular policy customization, further cementing the company’s position as a leader in the cyber insurance space.