Cyber

TMK’s Cyber offering represents the evolution of cyber insurance, developed specifically to mitigate the latest attack methods used by cybercriminals in today’s rapidly evolving cyber risk landscape.

Our expert underwriting team has written cyber risks for more than two decades and are complemented by our dedicated in-house team of cyber analysts with front-line experience of dealing with some of the world’s most prolific hacking organisations. Our outstanding underwriting and Claims service, including daily vulnerability scanning for insureds’ networks and some of the market’s highest broker ratings for Claims, mean that you can feel confident in partnering with TMK.

• Broad non-physical business interruption cover

  • Extra expense following a network outage

  • No additional cap on extra expense

  • Income loss during the interruption period

• Broad data breach coverage

  • Liability and legal expenses following a data breach

  • Regulatory defence, including fines and penalties

• Cyber extortion

  • Extortion payment following ransomware or other extortion event

  • Expense incurred including negotiator and legal costs

• Property damage

  • Costs to replace/repair physical assets damaged in a cyber attack

• Multiple new insuring clauses including:

  • Cyber crime

    • Cryptojacking

    • Funds Transfer Fraud

    • Social Engineering Fraud

    • Telecommunications Phreaking

  • Hardware replacement

  • Security upgrade costs

  • Criminal rewards funds

  • Claims preparation costs

• Reputational harm

  • Ongoing loss of profit resulting from brand damage

• Fewer exclusions than usual cyber wordings