Business > Products > Liability > Cyber Insurance

What is 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

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

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 coverage

Customers will have various options of cover

  • Security & privacy liability
  • Privacy regulatory defense & penalties
  • Crisis management event costs
  • Cyber extortion
  • Loss of digital assets
  • Business interruption expenses

Key Benefits

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

What we don't cover

  • 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

Why Tokio Marine?

We provide crisis management and support for our clients.

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.

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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.

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