Bluevine partners with Coalition
Last year, Bluevine, a provider of financial services for small businesses, announced a partnership with Next Insurance to provide customers with access to insurance. Now, the company is offering its user base a new product – cyber insurance – following a partnership with Coalition.
Founded in 2013, Bluevine claims to have served over 425k small businesses. The company, which is backed by Nationwide Ventures, offers checking, lending, and bill pay products.
Since the launch of Bluevine’s insurance partner program, 28% of customers have clicked through to learn more, and thousands have continued on to receive quotes from Bluevine’s licensed insurance partners.
“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.” – Eyal Lifshitz, CEO and co-founder of Bluevine.
“In our experience, many cyber criminals are opportunistic, particularly when it comes to small organizations. No company is too small to be an enticing financial opportunity for attackers. Choosing to go with Coalition’s Active Cyber Insurance offering can help a small business avoid a potentially catastrophic cyber incident – like a ransomware attack – where financial costs could cripple a business. We are delighted to bring Coalition’s product offering to Bluevine customers with the aim of increasing access to cyber insurance for organizations of all sizes and continuing to prevent digital risk before it strikes.” – Catherine Lyle, Coalition’s head of claims.