Coalition expands cyber, E&O coverage

San Francisco-based Coalition Inc., an insurtech firm that combines cyber insurance and technology expertise, said Thursday it has expanded its errors and omissions coverage to middle market companies with up to $1 billion in annual revenue.

The coverage had previously been available only for companies with less than $250 million in revenue, according to the company’s statement.

Coalition, which is backed by Swiss Re Ltd. unit Swiss Re Corporate Solutions and Lloyd’s of London, is offering up to $15 million of coverage.

Coalition is one of a group of similar companies experts say are in the right place at the right time as they fill growing demand in the space.