Ocean Underwriting and Tokio Marine Management Australasia have teamed up to issue cyber insurance to Australian SMEs.

The product includes business interruption and incident response expenses, optional directors’ and officers’ liability and cybercrime covers, and other optional or extended coverage.

Ocean also offers property, liability and professional indemnity insurance.

“Cyber is now a vital fourth pillar in our product suite,” its CEO Tim Fairbrother said.

“We are proud to work with TMMA because they’re specialists in their field and we know they bring the right expertise to support our clients.”

Mr Fairbrother formerly headed Axa XL-owned Brooklyn Underwriting.