What Are the Key Differences Between Coalition and Gallagher Tech E&O Insurance?
One Insurer's Cyber Bundle vs a Broker That Shops Combined Policies
Coalition designs Tech E&O to sit only with its own Active Cyber Insurance and sells it through appointed brokers, so you can't buy the E&O part alone. Gallagher's Technology practice places technology E&O with outside insurers as one policy that pairs professional errors with cyber cover for breaches, ransomware and privacy events. It says it serves over 7,500 tech and telecom clients, from startups to global enterprises. Choose Coalition if you want its cyber policy and security tools; choose Gallagher if you want a large broker to compare several insurers' combined forms. [4] [6]
Security Monitoring vs Broker Account Tools
Coalition includes its Control platform at no extra cost, with attack-surface monitoring, vendor-risk monitoring and zero-day alerts, and says one in-house team handles Tech E&O and cyber claims. Gallagher offers account tools (Drive analytics, the Go portal, Submit tracking, Verify certificates and STEP training), which help manage your program but don't monitor your systems. [3] [4] [6]
What Should You Confirm in Coalition and Gallagher Tech E&O Insurance Quotes?
- Ask Coalition which insurer writes its Tech E&O; it appears to be non-admitted, meaning no state guaranty-fund backing. [5]
- Ask Gallagher which insurer issues the combined policy and whether E&O and cyber share one limit. [6]
- Get limits and retentions from both; neither publishes them. [6] [4]
- Ask Gallagher who handles claims on the policy it places. [4] [6]