Our Cyber insurance for Commercial SME provides protection against computer attacks, employee error, network failures and data breaches
Tokio Marine Kiln’s (TMK) Cyber Ctrl insurance provides cover for incidents such as computer attacks, employee error, network failures and data breaches, all of which can completely paralyse an organisation. TMK provides a 24-hour hotline for policyholders to report an incident and obtain immediate support to minimise damage to their business.
This product is designed for small to medium sized businesses. It is a coverage enhancement structured either as a stand-alone cyber policy or an endorsement to an existing policy. Options for extended covers are also available. TMK works with clients who have an established commercial property and liability portfolio: either a coverholder via a delegated authority agreement or a cedant via a quota-share reinsurance treaty.
Coverage is available globally with the following limits:
USD
CAD
GBP
Maximum limit
25,000–50,000
20,000–40,000
Fixed deductible
2,500
2,000
Cover
What is included
Particularly suited to
Business interruption
Loss of gross earnings and expense caused by a failure in service of the computer system.
Companies whose business income depends on an available IT infrastructure.
Digital asset destruction
Costs to restore or recreate data.
The ransom demand and any expenses incurred as a result of paying or mitigating the incident. The policyholder will have access to a team of experts to resolve the incident.
Incident response expenses
Costs to manage a data breach i.e. IT forensics, public relations and legal expenses, cost to notify customers.
Any company that maintains personal information, including financial services, healthcare, retailers and other B2C companies.
Regulatory defence and penalties
Fines and penalties resulting from a regulatory action.
Payment of the charges incurred, funds transferred, and the costs of replacing personal documentation as a result of phishing scams or credit card fraud.
Payment card fines and expenses
Fines and expenses from credit card breaches due to non-compliance with security standards.
Any company that accepts credit cards as a form of payment.
Security and privacy liability
Damages and defence expenses from a legal suit.
Any company storing personal and/or confidential information.
Multimedia liability
Liability and defence costs incurred by infringement of media content.
Companies who publish and advertise online and offline media content.
Since 2003, CyberScout has protected consumers, businesses and institutions alike against hackers, thieves, and human error. They provide solutions that deliver valuable identity fraud protection and education, proactive protection services as well as swift data incident response for their clients.
TMK has partnered with CyberScout to provide policyholders with proactive services to minimise the likelihood of a data breach and to provide expert assistance if one occurs.
Extortion
Costs incurred if you are subject to a ransom demand.
All companies.
Reputational harm
Ongoing loss of profit resulting from brand damage, plus crisis communication expenses.
Tokio Marine Kiln is a leading international insurer with a reputation for specialist underwriting excellence, great people and innovative products. As part of one of the largest insurance groups in the world, our underwriters are empowered to assess each individual risk, to make on-the-spot decisions and to find the right solutions for our clients’ needs. The ability to settle valid claims quickly and fairly in a human way is central to our business philosophy, and our adjusters are empowered to exercise their professional judgement to deliver an exceptional customer service.
Tokio Marine Kiln Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Firm Reference Number: 204909. Registered office is located at 20 Fenchurch Street, London EC3M 3BY Registered Number: 729671. Tokio Marine Kiln is a trading name.