Information Technology

At Tokio Marine HCC, we understand that the technology sector remains one of the fastest growing, most dynamic sectors globally. In this constantly changing market, investment is drawn to faster, more scalable ways of conducting business to reduce operating costs. The use of the Cloud continues to grow and storage of information is expanding at an exponential rate.

Highlights

Limits available up to £10 million
Breach of contract – no restrictions
Liquidated damages
Breach of a professional duty
Inadvertent transmission of a computer virus
Employee dishonesty
Failure to protect against unauthorised access or use
Denial of service attack
Defamation
Full Breach of Contract cover

Best For

Software companies
Hardware companies
IT services
Telecommunications
Communications
Equipment providers
Digital broadcasters
Electronics instruments providers

Summary of Coverage

Civil liability
Loss or damage to documents
Negligent acts, errors, omissions, misstatements or misrepresentation
Data protection defence costs
Public relations and crisis management costs
Costs of prosecuting infringement of the insured’s IPR
Irrecoverable fees
Joint ventures
Notification costs following a loss of data
Worldwide territory and jurisdiction
Infringement of Intellectual Property Rights (IPR)

PMR

Office Protect - Covid 19 alterations:

As many business premises are closed as a result of the UK Government’s advice and therefore many employees are working from home we are making the following temporary changes to policy coverage:
- The 30 day unoccupancy condition has been extended from 30 days to 90 days.
- The premises as stated in the Policy Schedule is deemed to include any employee‘s home address, where office equipment is being used.

Both of these cover alterations will be reviewed depending on the length of the lockdown.

If you have any queries in relation to the above, or any other aspect of policy coverage then please contact your Underwriter.

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions.