Bluevine, a banking solution vendor for small-sized businesses, has recently stated about the extension of Active Cyber Insurance from Coalition, one of the world’s leading cyber insurance providers, to its existing small business insurance provider, NEXT Insurance. With the addition of Coalition’s cyber insurance offerings, Bluevine now gives the small business community easy access to insurance providers right from their account dashboard.
Small business owners frequently rely on recommendations from the small business community to determine their insurance needs, which can result in ill-fitting policies that do not address the specific needs of their small businesses. As many as 75% of small businesses in the United States are underinsured, and 40% are uninsured, indicating a critical need for insurance solutions tailored to this community. These collaborations help small business owners on their journey by providing the tools they need to grow and scale their businesses from a single, easy-to-use platform.
Eyal Lifshitz, CEO and Co-founder of Bluevine, stated, “After the initial success of our small business insurance partnership with NEXT last year, we took a closer look at the gaps our customers might still have with their insurance policies and worked to close them. By partnering with Coalition and NEXT, Bluevine is serving the broader small business community by providing in-dashboard access to trusted insurance companies that support the small business community on their journey to grow and scale.”
Since the program’s inception, 28% of customers have clicked through to learn more, and thousands have received quotes from Bluevine’s licenced insurance partners. These collaborations help small business owners on their journey by providing the tools they need to grow and scale their businesses from a single, easy-to-use platform.
Coalition’s Active Cyber Insurance offers a new integrated approach to managing cyber risk for businesses. Coalition’s offering includes cybersecurity tools, active monitoring, and 24/7 access to digital forensics and incident response services, as well as insurance coverage from well-known insurance carriers. By identifying and mitigating digital risk, policyholders who choose Coalition’s offering experience 50% fewer cyber claims than the overall U.S. market, with 45% of cyber claims being resolved.
Bluevine provides entrepreneurs with curated partnership solutions that support their goals by providing access to multiple insurance offerings for new and existing digital banking customers. Existing Bluevine Business Checking customers can now log in to their account dashboard to find the best insurance provider for their current stage of business. This insurance dashboard expansion enables Bluevine to assist in meeting the ongoing financial needs of small businesses by quickly and seamlessly providing entrepreneurs with access to trusted insurance products.