Risk management involves identifying potential threats, such as safety hazards, compliance violations, or employment claims, and taking steps to prevent them. CoAdvantage provides guidance, training, and coverage to help minimize risk and respond effectively when issues arise.

Managing risk and compliance requires expertise and constant attention to changing laws. Outsourcing gives you access to specialists who handle safety programs, claims administration, and legal requirements so you can focus on running your business.

Our coverage is backed by A+‑rated underwriters. We manage claims from the first report of injury through return‑to‑work coordination, ensuring injured employees get the care they need while controlling costs and protecting your business.

EPLI helps protect your business against claims related to wrongful termination, discrimination, or harassment. CoAdvantage includes EPLI in our risk and compliance offering and provides guidance to help prevent these issues from occurring.

Our team keeps you up to date on OSHA requirements, assists with safety‑program development, and offers workplace consultations. We provide the training and documentation you need to maintain a safe, compliant environment.

Cyber liability insurance, also known as cyber insurance, is a type of business insurance that protects businesses from financial loss caused by cybersecurity incidents such as data breaches, ransomware, and network intrusions. 

This coverage helps businesses recover financially from cyber-related risks that are not included in standard liability or property insurance, including costs linked to system damage, data loss, and operational disruption.

Nearly every business that uses technology or manages sensitive data can benefit from cyber liability insurance, though some industries face higher risk than others. 

Industries most vulnerable to cyber attacks include: 

• Healthcare
• Financial services and banking 
• Retail and e-commerce
• Manufacturing and logistics
• Professional services

Cyber attacks and data breaches can cause serious financial and reputational harm. The global average cost of a single data breach is now $4.4 million. 

Cyber liability insurance helps businesses manage these risks by covering costs associated with legal defense, data loss, crisis response, and forensic expenses.

Without this coverage, companies may face significant out-of-pocket expenses and extended downtime after a cyber attack.

The Cyber Liability Policy available through CoAdvantage protects businesses from the financial impact of cyber-attacks such as data breaches, ransomware, and network interruptions. 

Our policy* includes a $250,000 annual aggregate limit and a $1,000 per-claim retention amount. It also covers direct expenses up to $50,000 aggregate related to: 

• Customer notifications and communication – up to $50,000: Covers the cost of informing customers if their information has been compromised. 
• Crisis management – up to $50,000: Helps you manage public relations and protect your company’s reputation. 
• Security recertification – up to $50,000: Pays for steps to verify your systems are secure again after a breach. 
• Forensic investigation – up to $50,000: Covers the cost of figuring out how the breach happened and how to prevent it from happening again. 
• Cyber extortion – up to $10,000 (Sub-Limit): Provides protection if hackers demand payment to release your data. 
• Data restoration and recovery – up to $10,000 (Sub-Limit): Helps you restore lost or damaged data. 
• Technology fraud or theft – up to $10,000 (Sub-Limit): Covers losses from online scams, fraud, or digital theft. 

This coverage helps employers respond quickly, minimize financial loss, and restore operations after a cyber event. 

Businesses of any size that rely on digital systems or handle sensitive information benefit from cyber liability insurance. 

While large enterprises face high-profile risks, small and mid-sized businesses often gain the most protection since they may have fewer security resources and higher exposure to operational disruption.