Tokio Marine Kiln (TMK), the specialist insurer, announced the launch of “Enterprise Ctrl,” a comprehensive enterprise errors and omissions (E&O) insurance solution that enhances the recently launched TMK Cyber Ctrl+ suite.
This first-of-its-kind integrated offering provides enhanced cyber, technology E&O, media and intellectual property coverage under one policy, reducing the risk of coverage gaps and addressing the digital risks facing modern businesses.
The professional services landscape has fundamentally evolved. Third party suppliers underpin the daily operations of businesses around the world. Recent high-profile incidents demonstrate the need for integrated coverage which respond to cyber liability, business interruption, and professional liability claims simultaneously.
The comprehensive Enterprise Ctrl suite addresses the market’s overlooked E&O exposures while recognizing that modern enterprises increasingly hold their value in intangible assets and intellectual property.
Key features include:
- Integrated technology E&O coverage for software development, consulting services, and digital platform providers, with affirmative coverage for AI services and technology implementations
- Comprehensive cyber liability protection seamlessly integrated without coverage gaps or policy disputes, including business interruption, privacy breach response, and regulatory proceedings
- Intellectual property defense coverage protecting against patent infringement and trade secret misappropriation allegations arising from professional services
- Technology supply chain protection addressing the growing threat of attacks on service providers that impact multiple downstream clients
The offering targets both traditional technology companies as well as professional services and consulting businesses providing technology-enabled services to clients.
“We’re seeing more technology companies targeted specifically because they represent concentrated risk points in the supply chain,” commented Laila Khudairi, departmental head Cyber & Enterprise Risk at TMK.
“When these providers are compromised, the resulting claims cross traditional coverage boundaries. Enterprise Ctrl is the latest example of our commitment to innovation, addressing underserved market needs and driving the next generation of cyber insurance,” Khudairi added.
“The risk landscape has evolved and blurred the lines between traditional insurance business lines. Our Enterprise Ctrl approach brings clarity by recognizing cyber incidents, professional service failures, and IP disputes as interconnected risks, central to how modern businesses operate and create value,” according to Thomas McShane, head of Technology and Media E&O at TMK.
“Every company is now a tech company in some form. When these technology dependencies create vulnerabilities and systems fail, businesses face risks that traditional fragmented coverage approaches simply cannot address effectively,” McShane said. “Enterprise Ctrl eliminates the coverage disputes and gaps by providing comprehensive protection under a single policy.”
TMK has been providing cyber insurance since 2003 and has paid more than $500 million in cyber claims.
About Tokio Marine Kiln
Tokio Marine Kiln is a leading specialist insurance underwriting business operating in the Lloyd’s insurance market. With operations in the UK, US (Tokio Marine Highland) and Asia Pacific, and as part of one of the world’s largest insurance groups, Tokio Marine, the company is focused on property and motor; liability; aviation; cyber & enterprise risk; marine & energy; special risks; portfolio solutions, and specialty reinsurance.
Source: Tokio Marine Kiln
Topics Cyber
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