Cyber Insurance

A complete solution to protect, respond and recover.

Cyber Insurance in Thailand: Resilience for the Digital Economy

Cyber insurance in Thailand is now a critical line item for every organization that stores customer data, processes online payments, or depends on cloud platforms. A single breach can trigger regulatory fines, ransomware payments, and reputational fallout that outlasts the incident itself. By arranging the right policy before trouble strikes, you safeguard balance-sheet strength, win client trust, and keep the executive team focused on growth rather than crisis containment.

Why Thai Companies Need Robust Cyber Liability Protection

Explosive growth in digital transactions

Thailand’s e-commerce market expands by double digits each year. Consequently, threat actors follow the money, launching credential-stuffing attacks, card-skimming campaigns, and fake-app scams.

Stricter data-privacy enforcement

Since the Personal Data Protection Act (PDPA) took full effect, regulators can impose multimillion-baht penalties for inadequate safeguards. Therefore, firms must finance both compliance and potential violation costs.

Expensive downtime and supply-chain disruption

Ransomware gangs target manufacturing control systems as well as office networks. If production lines stop, contractual penalties and lost market share compound the initial ransom demand.

Core Protections in a Cyber Insurance Policy

Incident-response expenses – pays for forensic investigation, breach-notification letters, credit monitoring, and public-relations consultants.
Ransomware and extortion – covers ransom payments, negotiator fees, and the cost of restoring encrypted systems.
Business interruption – reimburses lost gross profit and extra expenses incurred to keep customers supplied while systems are down.
Liability to third parties – funds legal defense and settlements when clients, regulators, or payment networks allege negligence.
Data restoration – covers re-creation or recovery of corrupted files and databases.

Optional Extensions for Comprehensive Cyber Insurance in Thailand

Because every network is unique, Lockton Wattana can add:

Systemic cloud-service failure to protect against widespread outages at hosting providers.
Reputational-harm coverage that pays when negative media exposure cuts future revenue.
Social-engineering fraud to reimburse funds stolen via fake-invoice or CEO-impersonation emails.
PCI-DSS assessment costs after a payment-card breach.

All extensions integrate smoothly, ensuring you face no dangerous coverage gaps during a complex incident.

Area of Specialization

Chemical

Financial Institution

Food & Beverage

Healthcare

Professional Services.

Manufacturing

Law Firm

IT & Technology

Real Estate

Hospitality & Leisure

How Lockton Wattana Strengthens Your Cyber Risk Program

First, our cyber specialists benchmark your security posture against Thai peers and global best practice. Next, we model worst-case scenarios—such as parallel ransomware and data-theft events—to set realistic limits and retentions. After that, we leverage global insurer relationships to secure competitive premiums and multiyear rate stability. Finally, we deliver tabletop exercises and staff-awareness workshops that measurably reduce attack success rates.

Rapid, Expert Claims Advocacy

When an attack occurs, minutes matter. Accordingly, our cyber-response hotline assigns a dedicated advocate who coordinates forensic teams, negotiators, and legal counsel while pushing for swift advance payments. Moreover, we guide you through PDPA reporting and help craft communication that reassures customers and investors.