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In recent years, Asia’s increasingly digitalised construction companies are facing more frequent and severe cybersecurity incidents that have resulted in millions of dollars of financial losses, legal liabilities, and reputational damage.
As a result, construction companies also realise that no cyber risk mitigation measure is 100% watertight, hence the need for insurance coverage to protect against losses when cybersecurity incidents occur. However, with insurers now specifying a full exclusion for cyber events under their core Construction All Risks (CAR) insurance policies, how do construction companies respond and obtain the necessary cyber coverage at competitive pricing and terms?
Produced by Marsh construction and cyber risk experts, the ‘Cybersecurity in the Construction Industry’ report provides in-depth insight into the risks, challenges, and solutions available in addressing cyber risk exposures for construction companies in Asia and beyond.