Cyber

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Why companies need Cyber Insurance?

There is growing reliance on data, technology and interconnectivity with companies collecting, storing and processing massive amounts of data. Handling of confidential personal or corporate data can expose you to various Third Party liability and First Party costs and expenses.

Liability settlement and defence costs
Regulatory defence and penalties
Breach response costs such as legal costs to comply with privacy regulations, credit monitoring, PR, notification costs where legally required
Cyber extortion expenses and extortion monies
Restoration costs of damaged digital assets
Income loss, Interruption Expenses

Things you need to know

TM Cyber 365 is designed to cover:

Third Party for

Security and privacy liability arising from a security breach or privacy breach by the company, outsourcers or independent contractors.

First Party for

Privacy regulatory defense and penalties
Crisis management event costs
Cyber extortion
Loss of Digital Assets
Business Interruption Expenses

This is suitable if you want:

✔ Coverage for system and data restoration

✔ Protection against cyber threats

This is not suitable if you want:

✖ Coverage for physical hardware

✖ Coverage for infringement of any patent, intellectual property or trade secret

✖ Failure in power, telecommunications or other infrastructure

✖ Terrorism, war, natural catastrophe or other physical event

Key Coverages

Customers will have various options of cover:

Security & privacy liability

Liability and claims expenses incurred, arising from a security breach or privacy breach by the company, outsourcers or independent contractors

Privacy regulatory defense & penalties

Resulting from civil regulatory action, caused by a privacy breach or breach of privacy regulations

Crisis management event costs

Legal costs to comply with privacy regulations, credit monitoring, PR, legally required notification costs, resulting from a security data breach, privacy breach or breach of privacy regulations

Cyber extortion

Extortion expenses and monies paid resulting from a threat to destroy or release a company’s digital assets which are acquired by unauthorized access

Loss of digital assets

Expenses & costs incurred resulting from damage, alteration, theft, destruction of the company’s digital assets caused by DOS, malicious code, unauthorized access/use to computer system

Business interruption expenses

Income loss and extra expense resulting from a total or partial failure of the computer system caused by DOS, malicious code, unauthorized access/use to computer system

Key Benefits

Business Interruption losses cover can be extended to third party vendors, including cloud providers
Flexible cover selection

What we do not cover

Here are some common exclusions under this policy

This list is non-exhaustive. Please refer to our policy contract for the full list of exclusions under this policy.

✖ Bodily Injury

✖ Hardware, but restoration expense for data and computer programs that exist in computer system is covered

✖ Failure in power, telecommunications other infrastructure

✖ Natural catastrophe or any other physical event

✖ Unlawful collection of personally identifiable non-public information by Insured

✖ Theft, Loss of unencrypted laptops and mobiles

✖ Terrorism, war, natural catastrophe or other physical event

Why Tokio Marine?

We provide crisis management and support for our clients.

Important Information

This insurance is underwritten by Tokio Marine Insurance Singapore Ltd. All benefits and features mentioned here are subject to the terms and conditions of the policy. Please refer to the policy contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only.