TMK launches visual effects and post production media insurance cover

Specialist insurer Tokio Marine Kiln (TMK) said that it has launched a visual effects (VFX) and post production media insurance offering.

The new hybrid product, which combines traditional commercial insurance with cyber and reputational management cover, has been designed to address these businesses’ need for insurance cover in the face of cyber-attacks and accidental security breaches, according to a statement.

The post production media insurance offers flexible cover for companies specialising in online or offline editing and digital content.

Stuart Wolstenholme, senior underwriter at TMK, said: "Our VFX and Post Production Media Insurance has been developed in response to the increasing need our clients face for coverage to protect against the threat of being hacked or accidentally suffering a security breach.

"Cybercrime is on the rise, and we have seen both a surge in the number of high-profile attacks and a growing sophistication in the methods deployed by perpetrators. Businesses also continue to be vulnerable to breaches resulting from human error by employees," Wolstenholme added.

"Security breaches can result in significant damage to the reputation of a post-production company and hinder its ability to meet contractual obligations and deadlines. This bespoke new product will provide further protection for these clients and ensure that they are covered against both traditional and emerging risks."

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