Coalition adds executive risks coverage

Cyber insurtech Coalition Inc. said Monday it has expanded its coverage into executive risks.

The San Francisco-based company said it is now offering directors and officers and employment practices liability coverages designed to protect small and mid-sized businesses.

Up to $5 million in limits is available for businesses with up to $250 million in assets, according to a spokeswoman.

Coalition said in a statement the policies are backed by Zurich North America, a unit of Zurich Insurance Group. Patrick Mitchell is head of executive risks at Coalition.

Last week, Coalition named former Berkshire Hathaway Group executive Dovid Tkatch as head of insurance infrastructure and actuarial science, a new position.