Cyberedge

Why is Cyber Insurance important to non SMEs?

For non SMEs, financial support for the expenses incurred in recovering from a cyber incident is covered provided by Cyber Insurance. Costs like forensic examinations, data recovery, attorney fees, and fines or penalties from authorities are included in this. The financial effect of a cyber event can be significant for non-SMEs since they frequently manage enormous volumes of sensitive data across numerous regions.

 

For non-SMEs, maintaining their reputation and brand image is essential since any harm to these assets can have far-reaching effects. Public relations and crisis management costs are frequently covered by cyber insurance, which aids multinational corporations in efficiently handling the aftermath of a cyber disaster. MNCs may protect their brand and keep customers’ trust by acting quickly in the event of an attack and exhibiting a proactive approach to cybersecurity.

CyberEdge for non SMEs

CyberEdge is a comprehensive risk management solution for cyber insurance offered by AIG. In a rapidly changing landscape, CyberEdge provides innovative protection to help businesses safeguard against sensitive data breaches, computer hacking, dumpster diving, computer viruses, employee sabotage or error, pilferage of information, security failures, business interruption, and identity theft.

Features:

Board Coverage

We offer coverage on:

  • Personal Data Liability
  • Corporate Data Liability
  • Outsourcing
  • Data Security
  • Defence Costs

Data Crisis Response Services

We provide:

  • Dedicated hotlines to specialist legal and public relations advisors in the event of an actual or suspected data loss
  • Timely advice to help insureds mitigate or even prevent loss
  • Leading professional experts providing global coverage and localized advice
  • Direct access to the helpline without the need to request permission from the insurer

Highly Experienced

We have been protecting companies against cyber risk since the late 1990s when the cyber insurance industry was in it infancy. Over the years, our team has underwritten thousands of cyber policies for some of the largest companies and for more than 20 million individuals.

Staying Ahead

Constantly monitoring the cyber landscape, we stay at the forefront of the industry as cyber risks continue to evolve.

Closing the Gaps

Unlike most traditional policies, we provide coverage and protection for events such as:

  • Professional Indemnity/ Professional Liability (PI)
  • Commercial General Liability
  • Crime
  • Kidnap & Ransom
  • Property

Other Benefits

In our CyberEdge policy, we also incorporated additional benefits to meet the expectations of our clients. These benefits includes:

  • Data Administrative Investigation
  • Data Administrative Fines
  • Notification & Monitoring Costs
  • Repair of the Company’s and Individual’s Reputation

Interested to find out more? Click on this link to apply Now!

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Biz registration number: T13LL0595E GIAS number: C004125

+65 31457168 • Andrew@rafflesprovident.com.sg