At-Bay vs Coalition: InsurSec Cyber Insurance Compared

When our team started evaluating cyber insurance for our digital agency, we kept running into the same frustration: most traditional insurers treated the policy like a fire extinguisher—something you buy, stick in a closet, and hope you never need. Nobody was helping us actually prevent the fire.

Then we discovered InsurSec.

At-Bay and Coalition represent a fundamentally different approach to cyber insurance. Both companies build security technology directly into their insurance products, actively monitoring your systems and flagging vulnerabilities before attackers exploit them. For digital agencies like ours—managing client campaigns across dozens of platforms, handling sensitive customer data, and depending on uptime for revenue—this shift from reactive coverage to proactive protection felt like exactly what we needed.

But choosing between them? That turned out to be more nuanced than we expected. At-Bay and Coalition share the InsurSec philosophy, but they execute it differently. At-Bay leans into managed detection and response, essentially embedding a security operations team into your insurance policy. Coalition emphasizes Artificial Intelligence (AI)-powered risk prediction, using machine learning to identify threats before they materialize.

In this comparison, we break down everything we learned evaluating both providers: their security platforms, coverage structures, pricing approaches, claims processes, and which type of digital agency each one serves best. If you have already read our complete guide to cyber liability insurance, you know the basics. This article goes deeper into the two carriers pushing the industry forward.

Quick Comparison: At-Bay vs Coalition at a Glance

Feature	At-Bay	Coalition
Company Valuation	$1.35 billion	$5 billion
Core Platform	At-Bay Stance	Coalition Control
Approach	Active monitoring + managed response	AI-powered prediction + risk assessment
Security Tools Cost	Included at no additional cost	Included with policy
Threat Intelligence Source	40,000+ insureds	Proprietary AI + market data
Maximum Coverage	Varies by risk profile	Up to $15 million
Business Interruption	Full limit, direct + contingent by default	Comprehensive, varies by profile
Social Engineering Coverage	Full limits, all business classes	Included; 70% funds recovery rate
Cryptojacking/Bricking	Full limits	Included
Crypto Extortion Payments	Covered	Covered
Claims Team	In-house	24/7 hotline + vetted network
Incident Response	Managed detection and response	Assessment, investigation, recovery
Claims Performance	Data from 40,000+ insureds	64% fewer claims than market; 47% of events at $0 cost
Best For	Agencies wanting embedded security operations	Agencies wanting predictive analytics + AI tools

This table captures the headline differences, but the real story lies in how each platform works in practice. Let us walk through both providers in detail.

What Is InsurSec? Understanding the Model Both Providers Pioneer

Before we dive into each company, it helps to understand why InsurSec exists in the first place—and why it matters specifically for digital agencies.

Traditional cyber insurance operates on a straightforward model: you fill out an application, the underwriter assesses your risk based on a snapshot of your security posture, you pay a premium, and if something goes wrong, you file a claim. The insurer has no ongoing relationship with your actual security environment between the application and the claim.

InsurSec flips this model. The insurer becomes an active participant in your security posture, continuously monitoring your systems, alerting you to vulnerabilities, and in some cases directly responding to threats. The insurance and the security technology are bundled together, creating aligned incentives—the insurer profits when you don't have incidents, so they invest in helping you prevent them.

For digital agencies, this alignment is particularly valuable. Our team manages client ad accounts, Customer Relationship Management (CRM) databases, email marketing platforms, analytics dashboards, and cloud storage systems. That is a sprawling attack surface. A traditional insurer might ask about our firewall configuration once a year during renewal. An InsurSec provider monitors that entire ecosystem continuously.

The concept emerged from a simple observation: most cyber incidents are preventable. When 59 percent of small businesses in the United States reported experiencing at least one cyber attack in the past twelve months (Source: Hiscox Cyber Readiness Report), and ransomware severity hit $500,000 in 2024 (Source: At-Bay claims data), the insurance industry recognized that paying claims after preventable incidents was an unsustainable business model. At-Bay and Coalition both built their companies around this insight, though they took different technological paths to address it.

Understanding InsurSec matters because it changes what you should evaluate when comparing providers. With traditional insurance, you compare coverage limits, deductibles, and premiums. With InsurSec, you also need to evaluate the quality of the security platform, the depth of monitoring, and how effectively the provider actually prevents incidents. That is what makes this comparison more complex—and more important—than a standard carrier-versus-carrier analysis.

At-Bay Deep Dive: Managed Security Meets Insurance

Company Overview and Philosophy

At-Bay, valued at $1.35 billion, positions itself as a full-service cyber partner rather than a traditional insurance carrier (Source: At-Bay company data). The company's founding thesis is that insurance and security should be inseparable—that the best way to reduce claims is to actively protect policyholders rather than passively waiting for incidents to occur.

When our team first looked at At-Bay, what stood out was the scope of their ambition. This is not an insurance company that bolted on a security dashboard as a marketing feature. At-Bay built its security platform, Stance, as a core product alongside the insurance itself. The two are designed to work together, with threat intelligence from the insurance side informing the security monitoring, and security data from the platform informing underwriting decisions.

The At-Bay Stance Platform

At-Bay Stance is the company's security monitoring platform, and it is where the InsurSec model comes to life. The platform monitors your organization's entire Information Technology (IT) environment, powered by incident insights drawn from over 40,000 insureds generating anonymous threat intelligence (Source: At-Bay platform documentation).

Here is what that means in practice for a digital agency: Stance continuously scans your external-facing infrastructure—your website, email servers, cloud services, and any publicly accessible systems—looking for vulnerabilities that attackers could exploit. When it identifies a risk, it alerts you with specific remediation guidance. If a new vulnerability emerges that affects software your agency uses, Stance can flag it before attackers begin exploiting it at scale.

The platform integrates vulnerability assessments and threat monitoring directly into the underwriting process. This means At-Bay does not just scan you once during the application—it tracks exposure changes throughout your entire policy period. For agencies that frequently add new tools, onboard new clients, or expand their technology stack, this continuous assessment provides significantly more protection than a point-in-time evaluation.

What makes Stance particularly powerful is the network effect. With 40,000-plus insureds feeding anonymous data into the system, At-Bay can identify emerging threat patterns across its entire portfolio. If a new ransomware variant starts targeting marketing agencies using a specific Content Management System (CMS), At-Bay can alert all agencies using that CMS before the threat reaches them. Traditional insurers, lacking this real-time data pipeline, cannot offer comparable early warning capabilities.

Coverage Structure

At-Bay's coverage is designed to be comprehensive by default, reducing the need for agencies to negotiate add-ons or worry about coverage gaps. Key coverage features include:

• Direct and contingent system failure coverage provided to the full limit of insurance by default. This is significant—many carriers offer contingent coverage (when a vendor's system failure affects your business) at reduced sub-limits or as an optional add-on. At-Bay includes both at full limits regardless of how you submit your application (Source: At-Bay coverage documentation).
• Social engineering and invoice manipulation coverage for all business classes with full limits. Business Email Compromise (BEC) attacks—where attackers impersonate vendors or executives to redirect payments—are among the most common threats facing digital agencies. At-Bay covers these at full policy limits rather than the reduced sub-limits many traditional carriers impose.
• Cryptojacking and bricking coverage at full limits. Cryptojacking occurs when attackers hijack your computing resources to mine cryptocurrency, degrading system performance. Bricking renders devices permanently unusable. Both are covered without sub-limit restrictions.
• Broad cyber extortion coverage including payment of cryptocurrencies. As ransomware attacks increasingly demand payment in Bitcoin or other cryptocurrencies, At-Bay explicitly covers these payments within its extortion coverage.
• Business interruption coverage for both direct incidents and contingent events (third-party vendor failures) at full policy limits by default.

For our agency, the default full-limit approach was appealing. We have seen too many stories of agencies discovering coverage gaps after an incident—learning that their social engineering coverage was capped at $25,000 when they lost $150,000 to a BEC attack. At-Bay's structure minimizes these surprises.

Strengths for Digital Agencies

Managed detection and response at no extra cost. At-Bay's active risk monitoring includes both detection and response capabilities, essentially providing a lightweight Managed Security Service Provider (MSSP) bundled with your insurance. For small agencies that cannot afford a dedicated security team, this is substantial added value.

Unified accountability. Because At-Bay handles both the security monitoring and the insurance claims through its in-house team, there is a single point of accountability. If an incident occurs, the same organization that was monitoring your systems processes your claim. There is no finger-pointing between a third-party security vendor and the insurance carrier.

Network-effect intelligence. The 40,000-plus insured base creates a threat intelligence network that improves over time. As more agencies join, the data becomes richer, and the early warning capabilities become more precise.

Limitations to Consider

Less emphasis on predictive AI. While At-Bay's monitoring is robust, the company emphasizes active monitoring and response over the kind of predictive analytics that Coalition offers. If your agency wants AI-driven risk scoring and pattern prediction, Coalition's approach may be more aligned.

Pricing transparency. Like most InsurSec providers, At-Bay does not publish standard rate cards. You will need to engage directly with their quoting platform to understand costs for your specific agency profile.

Newer market presence. While the $1.35 billion valuation signals strong market validation, At-Bay is younger than established carriers. Agencies that prioritize insurer longevity and financial stability ratings may want to weigh this factor.

At-Bay represents the strongest option for digital agencies that want their insurer to function as an active security partner—monitoring systems, responding to threats, and providing unified accountability for both prevention and claims. If your agency lacks dedicated security staff and wants a single vendor handling both protection and coverage, At-Bay delivers that integration more completely than most competitors.

Coalition Deep Dive: AI-Powered Prediction and Prevention

Company Overview and Philosophy

Coalition has evolved from a mid-market cyber insurance specialist into one of the most prominent InsurSec platforms in the industry, backed by Swiss Re, Lloyd's of London, and Argo Group (Source: Coalition company data). Valued at $5 billion, Coalition is significantly larger than At-Bay by valuation, reflecting both its broader market reach and its expansion into middle-market and larger accounts.

Coalition's philosophy centers on a bold claim: most cyber incidents are preventable, and AI can identify the patterns that predict them before they occur. Where At-Bay emphasizes active monitoring and response, Coalition emphasizes prediction and assessment. The company wants to tell you what is likely to go wrong before it does, giving you time to fix vulnerabilities proactively.

When our team evaluated Coalition, we were struck by the sophistication of their risk assessment. During the quoting process itself, Coalition's platform scanned our external infrastructure and produced a detailed risk report identifying specific vulnerabilities—before we had even purchased a policy. That level of transparency during the sales process built confidence that the company takes its prevention mission seriously.

Coalition Control Platform

Coalition Control is the company's AI-powered security platform, and it represents the technological centerpiece of their value proposition (Source: Coalition platform documentation). The platform helps businesses detect, assess, and mitigate cyber threats before they mature into actual incidents.

For digital agencies managing complex technology stacks—advertising platforms like Google Ads and Meta Business Suite, CRM systems like HubSpot or Salesforce, email marketing tools like Mailchimp or Klaviyo, cloud storage through Google Workspace or Microsoft 365—Coalition Control assesses risk across this entire ecosystem. The platform does not just look at your firewall; it evaluates the security posture of the interconnected services your agency depends on.

Coalition Control's AI-powered analytics identify patterns and predict likely risk scenarios before they materialize. For example, if the platform detects that your agency's email domain lacks Domain-based Message Authentication, Reporting, and Conformance (DMARC) enforcement, it does not just flag the vulnerability—it contextualizes the risk by showing how similar configurations have been exploited in attacks against comparable organizations.

The platform also integrates with existing security tools via Application Programming Interfaces (APIs), enabling data exchange rather than forcing agencies to abandon their current infrastructure. For agencies that have already invested in security tools like Endpoint Detection and Response (EDR) solutions or Security Information and Event Management (SIEM) platforms, this integration capability means Coalition supplements rather than replaces existing investments.

Coverage Structure

Coalition offers comprehensive cyber insurance coverage with some notable features:

• Coverage limits up to $15 million, providing headroom for larger agencies or those with significant client data exposure.
• Business interruption coverage structured with variation based on agency-specific circumstances and underlying vulnerability profiles. Unlike At-Bay's default full-limit approach, Coalition tailors business interruption terms more closely to each agency's specific risk characteristics.
• Social engineering and funds transfer fraud coverage with a standout claims metric: Coalition reports recovering 70 percent of lost funds in transfer fraud cases through its incident response process (Source: Coalition claims data). This recovery rate significantly exceeds industry averages.
• Comprehensive first-party and third-party coverage including data breach response, regulatory defense, and media liability.
• 47 percent of cyber events resolved at $0 cost to the policyholder, meaning Coalition's prevention and early intervention capabilities eliminate nearly half of potential claims before they generate costs (Source: Coalition claims data).

Claims Performance and Loss Ratios

Coalition's claims data tells a compelling story. The company reports that its policyholders experience 64 percent fewer claims than the broader cyber insurance market (Source: Coalition claims data). This is not a marginal improvement—it represents a fundamental performance gap that reflects either superior risk selection, more effective preventive services, or both.

For digital agencies, this metric matters beyond bragging rights. When insurers experience excessive claims in particular market segments, they respond through rate increases or coverage restrictions. Coalition's lower loss ratios suggest more stable pricing over time and reduced risk of coverage being restricted or non-renewed at your next renewal cycle. Our cost guide for digital agencies explains how loss ratios affect the premiums you pay.

The 24/7 hotline and structured incident response protocol—assessment, investigation, and recovery phases—ensures that when incidents do occur, agencies receive immediate expert guidance. For small digital agencies without internal incident response expertise, this combination of prevention and rapid response produces dramatically better outcomes than coverage alone.

Strengths for Digital Agencies

AI-powered predictive analytics. Coalition's machine learning capabilities go beyond monitoring what is happening now to predicting what is likely to happen next. For agencies operating in a rapidly evolving threat landscape, this forward-looking approach provides an additional layer of protection.

Proven claims performance. The 64 percent fewer claims metric and 47 percent of events resolved at zero cost provide objective evidence that Coalition's prevention model works. These are not marketing claims—they are actuarial outcomes.

Funds recovery capability. The 70 percent recovery rate for funds transfer fraud is exceptional. BEC attacks are among the most financially devastating threats facing digital agencies, and Coalition's ability to recover the majority of stolen funds adds significant value beyond the insurance coverage itself.

Scale and financial backing. With a $5 billion valuation and backing from Swiss Re and Lloyd's of London, Coalition offers financial stability that smaller InsurSec providers cannot match. For agencies concerned about their insurer's ability to pay large claims, this backing provides reassurance.

Limitations to Consider

Less emphasis on active response. Coalition's platform focuses more on assessment and prediction than on managed detection and response. If your agency wants the insurer's security team actively monitoring and responding to threats in real time, At-Bay's approach may be more hands-on.

Variable coverage structuring. Coalition tailors coverage terms more closely to individual risk profiles, which means your specific policy may differ from the headline features. Agencies should carefully review their actual policy documents rather than relying on general marketing descriptions.

Complexity for less technical agencies. Coalition's AI-powered platform delivers the most value to agencies with enough technical sophistication to act on its recommendations. Very small agencies without any technical staff may find At-Bay's more managed approach easier to leverage.

Coalition represents the optimal choice for digital agencies that value data-driven risk management, want AI-powered insights layered onto their existing security infrastructure, and prioritize proven claims performance backed by substantial financial resources. If your agency already has some security maturity and wants a platform that enhances your capabilities through predictive intelligence, Coalition delivers that vision more completely than any competitor.

Head-to-Head: Security Monitoring and Tools

Security tooling is where the InsurSec model delivers its most tangible value, and it is where At-Bay and Coalition diverge most clearly in their approaches.

At-Bay's approach: Embedded security operations. At-Bay Stance functions as a lightweight MSSP integrated into your insurance policy. The platform provides active monitoring—continuously scanning your environment, identifying vulnerabilities, and tracking exposure changes throughout the policy period. When threats are detected, At-Bay's team can respond directly, not just alert you. This managed detection and response capability means At-Bay is actively defending your systems, not just observing them. The intelligence powering this monitoring comes from anonymized data across 40,000-plus insureds, creating a network effect where every new policyholder improves threat detection for the entire portfolio.

Coalition's approach: Predictive intelligence platform. Coalition Control uses AI and machine learning to move beyond monitoring into prediction. The platform analyzes patterns across its data to identify likely attack vectors before they are exploited. Rather than waiting for a vulnerability to be actively targeted, Coalition aims to tell you which vulnerabilities are most likely to be targeted based on current threat actor behavior. The platform integrates with your existing security tools via APIs, supplementing rather than replacing your current infrastructure.

Which approach serves agencies better? The answer depends on your agency's existing security maturity:

• Agencies with minimal security infrastructure (no dedicated IT staff, basic antivirus, no formal security program) benefit more from At-Bay's managed approach. Having the insurer actively monitor and respond to threats compensates for the lack of internal security capabilities.
• Agencies with existing security tools (EDR deployed, Multi-Factor Authentication (MFA) enforced, some security awareness training) benefit more from Coalition's layered intelligence. The AI-powered predictions add a dimension that existing tools typically lack, and the API integrations allow Coalition to enhance rather than duplicate your current investments.

Both platforms represent enormous improvements over traditional insurance, where the carrier has zero visibility into your security environment between application and claim. For a deeper look at what security controls insurers expect, see our guide on what cyber insurance covers.

Head-to-Head: Coverage Comparison

While both providers offer comprehensive cyber insurance, the structural differences in their coverage matter for digital agencies.

Business interruption coverage is where the most significant structural difference emerges. At-Bay provides both direct and contingent system failure coverage at the full policy limit by default, regardless of how you submit your application. This means if your agency loses revenue because a vendor's system goes down (say, your cloud hosting provider or email platform experiences an outage), you are covered at the same limit as a direct attack on your own systems. Coalition offers comprehensive business interruption coverage but structures it with more variation based on your specific risk profile, meaning your contingent coverage limits may differ from your direct coverage limits.

For digital agencies, contingent coverage is critically important. Our operations depend on dozens of third-party platforms—if Google Workspace goes down for 48 hours, our entire team is effectively offline regardless of our own security posture. At-Bay's default full-limit contingent coverage provides more certainty on this front.

Social engineering coverage is strong with both providers, but the value proposition differs. At-Bay offers full-limit coverage for social engineering and invoice manipulation across all business classes. Coalition also covers social engineering but differentiates through its 70 percent funds recovery rate—meaning that beyond paying the claim, Coalition's incident response team actively works to recover stolen funds. For agencies where BEC attacks represent the most likely threat vector, Coalition's recovery capability may be more valuable than higher coverage limits.

Maximum coverage limits favor Coalition, which offers coverage up to $15 million compared to At-Bay's limits that vary by risk profile. For larger agencies or those with significant contractual requirements from enterprise clients, Coalition's higher ceiling provides more flexibility. Most small to mid-sized agencies, however, will find adequate limits with either provider—our cost guide recommends $500,000 to $1 million for most digital agencies.

Specialty coverages like cryptojacking, bricking, and cryptocurrency extortion payments are covered by both providers at full limits, reflecting their shared understanding that modern cyber threats extend well beyond traditional data breaches.

The coverage comparison ultimately favors At-Bay for agencies prioritizing certainty and simplicity (full limits by default, fewer variables) and Coalition for agencies prioritizing flexibility and recovery capabilities (higher maximum limits, active funds recovery).

Head-to-Head: Pricing Comparison

Pricing is the area where we can provide the least definitive comparison, because neither At-Bay nor Coalition publishes standardized rate cards. Both use technology-enabled underwriting platforms that generate customized quotes based on detailed risk assessments specific to each agency.

What we can say with confidence:

Both are more competitive than traditional carriers. At-Bay and Coalition leverage technology efficiency in their underwriting processes to reduce costs, and they pass some of those savings to policyholders. Agencies that have previously quoted with traditional carriers like Chubb or Hartford will likely find both InsurSec providers more affordable for comparable coverage levels. If you are curious how these compare to the full market, our six-provider comparison covers the pricing landscape.

Security posture directly affects pricing. Because both providers conduct detailed security assessments during the quoting process, agencies with stronger security controls receive meaningfully lower premiums. This creates a virtuous cycle—the InsurSec model rewards you for implementing the security improvements their platforms recommend, reducing both your risk and your cost.

At-Bay's pricing includes active monitoring. The managed detection and response services bundled with At-Bay's coverage represent significant value that would cost thousands of dollars annually if purchased separately from a standalone MSSP. When comparing At-Bay's premium to Coalition's, factor in the cost of equivalent security services.

Coalition's pricing reflects AI platform value. Similarly, Coalition Control's predictive analytics and continuous risk assessment represent technology value embedded in the premium. Agencies should evaluate the total value proposition—insurance plus security tools—rather than comparing premiums in isolation.

Our recommendation for pricing evaluation: Request quotes from both providers simultaneously, ensuring you provide identical information to each. Compare not just the premium but the total package: coverage limits, deductibles, included security tools, and any additional services. For most digital agencies in the $1 million to $10 million revenue range, expect premiums from both providers to fall below what traditional carriers quote for equivalent coverage.

Pricing alone should not drive your decision between these two providers. The differences in security approach, coverage structure, and claims handling will likely have a larger impact on your agency's outcomes than a modest premium difference. Use our recommendation engine to see which provider profile best matches your agency's specific needs.

Head-to-Head: Claims Process and Loss Ratios

The claims process is where insurance theory meets reality, and it is where the InsurSec model's advantages become most apparent.

At-Bay's claims approach centers on its in-house claims team working in coordination with the same security professionals who monitor your systems. When an incident occurs, the team that has been watching your environment already has context—they know your infrastructure, your vulnerabilities, and potentially the attack vector before you even file the claim. This continuity between monitoring and claims handling eliminates the information gap that plagues traditional carriers, where the claims adjuster has never seen your systems before the incident.

At-Bay's managed detection and response capability also means that in some cases, the company's security team identifies and contains threats before they escalate to the point of requiring a formal claim. This pre-claim intervention represents a fundamentally different value proposition than traditional insurance, where the carrier's involvement begins only after damage has occurred.

Coalition's claims approach follows a structured protocol of assessment, investigation, and recovery, supported by a 24/7 hotline that provides immediate access to incident response expertise (Source: Coalition incident response documentation). The company coordinates with a network of pre-vetted forensic investigators, notification administrators, credit monitoring providers, and public relations specialists.

Coalition's claims data provides the most compelling evidence of InsurSec effectiveness:

• 64 percent fewer claims than the broader cyber insurance market. This is not a modest improvement—it means Coalition policyholders are nearly three times less likely to file a claim than the industry average.
• 47 percent of cyber events resolved at $0 cost to the policyholder. Nearly half of all security events that Coalition's platform identifies are resolved before they generate any cost, either through prevention or early intervention.
• 70 percent funds recovery rate for transfer fraud cases. When BEC attacks do succeed, Coalition's response team recovers the majority of stolen funds—a capability that effectively multiplies the value of the coverage.

These metrics matter enormously for digital agencies evaluating long-term insurance relationships. Lower loss ratios translate to more stable pricing at renewal, reduced risk of coverage restrictions, and greater confidence that the insurer will remain committed to your market segment. Carriers that experience high loss ratios in specific industries often respond by raising rates dramatically or exiting those segments entirely—leaving agencies scrambling for coverage.

For agencies without internal incident response expertise—which describes most small and mid-sized digital agencies—both providers offer dramatically better claims experiences than traditional carriers. The combination of prevention, rapid response, and expert guidance produces outcomes that standalone insurance coverage simply cannot match.

Which InsurSec Provider Is Right for Your Agency?

After evaluating both providers extensively, our team developed a framework for matching agency profiles to the right InsurSec provider. If you are still unsure whether your agency needs cyber insurance at all, start with our needs assessment guide before diving into provider selection.

Choose At-Bay If Your Agency:

• Lacks dedicated IT or security staff. At-Bay's managed detection and response effectively provides a security team bundled with your insurance. For agencies where the founder or office manager handles IT, this managed approach fills a critical gap.
• Wants single-vendor accountability. At-Bay's in-house claims team and integrated security monitoring mean one organization is responsible for both preventing and paying for incidents. There is no coordination gap between security vendor and insurance carrier.
• Prioritizes business interruption certainty. At-Bay's default full-limit coverage for both direct and contingent system failure provides the most predictable protection for agencies heavily dependent on third-party platforms.
• Values active response over analytics. If you want your insurer's security team actively monitoring and responding to threats—not just alerting you—At-Bay's managed approach delivers more hands-on protection.
• Operates a complex, multi-platform technology environment. Agencies using dozens of Software as a Service (SaaS) tools benefit from At-Bay's continuous monitoring across the entire IT environment, catching vulnerabilities that point-in-time assessments miss.

Interested in At-Bay? Visit at-bay.com to request a quote and see how their Stance platform evaluates your agency's risk profile. The security assessment alone provides valuable insights even before you purchase a policy.

Choose Coalition If Your Agency:

• Already has some security infrastructure in place. Coalition Control integrates with existing tools via APIs, adding predictive intelligence on top of your current security investments rather than replacing them.
• Values data-driven decision making. Coalition's AI-powered analytics provide the most sophisticated risk predictions in the InsurSec market. Agencies that want to understand why they are at risk—not just that they are at risk—will appreciate the depth of Coalition's assessments.
• Needs higher coverage limits. With coverage up to $15 million, Coalition accommodates larger agencies or those with enterprise client contracts requiring substantial minimum coverage.
• Prioritizes proven claims performance. Coalition's 64 percent fewer claims metric and 47 percent zero-cost resolution rate provide the strongest actuarial evidence of InsurSec effectiveness in the market.
• Wants strong funds recovery capability. For agencies where BEC and funds transfer fraud represent primary threat vectors, Coalition's 70 percent recovery rate adds significant value beyond the coverage limits themselves.

Interested in Coalition? Visit coalitioninc.com to get a quote. Coalition's risk assessment during the quoting process will scan your external infrastructure and identify specific vulnerabilities—providing immediate value before you even bind a policy.

When Either Provider Works Well

Some agency profiles are well-served by either provider:

• Mid-sized agencies ($1M–$10M revenue) with moderate security maturity will find strong value propositions from both At-Bay and Coalition.
• Agencies prioritizing prevention over just coverage will benefit from either InsurSec approach compared to traditional carriers.
• Agencies seeking competitive pricing will find both providers more affordable than traditional carriers for comparable coverage levels.

For agencies in this middle ground, we recommend requesting quotes from both providers and comparing the total value proposition—premium, coverage terms, and security platform capabilities—rather than defaulting to the lower premium alone.

Our Recommendation

After extensive evaluation, our team's recommendation comes down to a simple question: What does your agency need more—a security team or a security brain?

At-Bay is the security team. It actively monitors your systems, responds to threats, and handles claims through a unified in-house operation. For agencies that need someone watching the perimeter because they cannot do it themselves, At-Bay provides the most comprehensive managed security experience bundled with insurance.

Coalition is the security brain. It analyzes patterns, predicts threats, and provides intelligence that makes your existing security efforts smarter. For agencies that have some security foundation and want to layer predictive capabilities on top, Coalition's AI-powered platform delivers unmatched analytical depth backed by the strongest claims performance data in the market.

Both represent a quantum leap over traditional cyber insurance. If you are currently insured with a carrier that provides no security tools, no monitoring, and no prevention services, switching to either At-Bay or Coalition will dramatically improve both your security posture and your insurance experience.

For agencies comparing these two providers against the broader market, our six-provider comparison puts At-Bay and Coalition in context alongside Chubb, Hiscox, Embroker, and CFC Underwriting. And if you want a personalized recommendation based on your agency's specific profile, our recommendation engine can help narrow the field.

Summary: Key Takeaways in Order

Let us walk through what we covered and the key conclusions from each section:

1. InsurSec is a fundamentally different model from traditional cyber insurance. Both At-Bay and Coalition actively help prevent incidents rather than just paying claims after the fact. For digital agencies managing sprawling technology environments, this proactive approach addresses the reality that most cyber incidents are preventable.

2. At-Bay Stance provides managed detection and response powered by threat intelligence from over 40,000 insureds. The platform continuously monitors your IT environment and responds to threats, functioning as an embedded security operations capability at no additional cost.

3. Coalition Control delivers AI-powered predictive analytics that identify likely attack patterns before they materialize. The platform integrates with existing security tools and provides the most sophisticated risk assessment capabilities in the InsurSec market.

4. Coverage structures differ meaningfully. At-Bay provides full-limit direct and contingent coverage by default with broad social engineering protection. Coalition offers higher maximum limits (up to $15 million) and exceptional funds recovery capabilities (70 percent for transfer fraud).

5. Both providers price more competitively than traditional carriers by leveraging technology-driven underwriting. Neither publishes rate cards—agencies must request quotes for accurate comparisons.

6. Coalition's claims data is the strongest in the market: 64 percent fewer claims than the broader market, 47 percent of events resolved at zero cost, and 70 percent funds recovery for transfer fraud.

7. At-Bay is optimal for agencies needing managed security operations and single-vendor accountability. Coalition is optimal for agencies with existing security maturity seeking predictive intelligence and proven claims performance.

8. Both providers dramatically outperform traditional carriers on prevention, monitoring, and claims outcomes. Switching from a traditional carrier to either InsurSec provider improves both security and insurance value.

The InsurSec model represents the future of cyber insurance for digital agencies. Whether you choose At-Bay's managed approach or Coalition's predictive platform, you are investing in a fundamentally better model than traditional coverage alone.

Sources

• At-Bay company and platform documentation (at-bay.com)
• Coalition company and platform documentation (coalitioninc.com)
• Hiscox Cyber Readiness Report — 59% of small businesses experienced cyber attacks
• At-Bay claims data — ransomware severity $500,000 in 2024
• Coalition claims data — 64% fewer claims, 47% zero-cost events, 70% funds transfer fraud recovery
• Coalition financial backing — Swiss Re, Lloyd's of London, Argo Group
• At-Bay valuation data — $1.35 billion
• Coalition valuation data — $5 billion
• IBM Cost of a Data Breach Report, 2024