TM Cyber 365

This is a comprehensive cyber insurance policy 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

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

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

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

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

• 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

SPEED and EXPERTISE are essential in cyber crisis management to identify the root cause of the loss and mitigate the loss within the shortest possible time.

We work with a dedicated breach response team with vast experience on a 24/7/365 availability basis. This includes specialist lawyers, IT forensic investigators, forensic accountants and PR consultants, to ensure the best outcome for our clients.