Tokio Marine Kiln, part of global insurance group Tokio Marine, has launched an enhanced policy designed to protect against physical damage from cyber attacks.
Cyber Ctrl PD+ offers affirmative cover for property damage and ensuing business interruption arising from a cyber attack.
“As most cyber insurance policies exclude cover for property damage, and with property insurance policies increasingly incorporating cyber exclusions, many policyholders could be left with a gap in cover,” Paul Gooch, cyber underwriter at TMK.
“Cyber Ctrl PD+ is designed to fill that gap, but it is not merely a ‘wrap’ or ‘write-back’ product. Rather it is an evolution of our established Cyber Ctrl policy, providing clarity and certainty of cover in the event of a cyber physical damage incident.”
Cyber Ctrl PD+ offers limits of up to $25 million, includes all standard cyber insurance coverages – including privacy liability and non-damage business interruption – and can easily be tailored to specific client requirements.
