Cyber Liability Insurance

Cyber Liability Insurance

Your business can experience a cyber-attack leaving you exposed to costly expenses and possible claims from third parties. Sompo Cyber Insurance can help you tackle the impact of cyber risks to your business, covering you for direct costs to your business, claims from third parties and costs associated with defending cyber claims.

Who is it for?

Sompo Cyber Insurance is tailored for Small and Medium Enterprises (SMEs) domicile in Singapore. It is suitable for all industries/businesses except:

    • Financial services / institutions (Banks, Stock broking firms, traders, forex, etc)
    • Payment processors / gateways (eg, Paypal, Alibaba, Masterpass, virtual currency, etc)
    • Credit rating services
    • Health insurance exchanges
    • Background check services
    • Provider (ASP, ISP, Cloud, Telecommunication, Managed Services)
    • Entertainment (Hospitality / Events / Casinos)
    • Hotels / Restaurants
    • Supervisory control and data acquisition (SCADA) / Process control software
    • Primarily Retail

 

Features:

Board Coverage

We offer coverage on first and third party covers.

Affordable Premium

Sompo Cyber Liability Insurance is competitively priced, starting from as low as S$428.00 (inclusive of GST).

Deductibles

Starts at S$1000, maximum S$5000.

Greater Flexibility

Choose from as low as S$100,000 to S$200,000,000 for standard cover for 4 sections during the policy period.

Outsourcing Arrangements

Outsourcing arrangements can be covered at no extra cost for outsourcing provider, computer systems and IT services.

Territorial Scope

We offer our coverage worldwide including USA and Canada.

Cyber Solution

You will gain 24/7 unlimited access to Sompo International’s proprietary loss control and risk mitigation cyber portal, with timely information and tools to assist your businesses in protecting your network environments and data assets. Sompo Cyber Risk Portal also provides a wide range of resources including best practices guides, incident response plan templates, the latest cyber security newsfeeds, training and access to their preferred provider network.
Click here to learn more about Sompo’s Cyber Risk Portal.

© 2019 Raffles Provident LLP

Biz registration number: T13LL0595E GIAS number: C004125

+65 31457168 • Andrew@rafflesprovident.com.sg