- CALL US +65 6401 9201
- Contact Us
- About Us
- SME Packages
A cyber risk can be classified as an infringement of data / or systems. Which means, companies can often stay vulnerable to cyber attacks given their limited resources. Protecting data is not just good for the business but it is important for companies to adopt reasonable security arrangements to follow compliance with data protection laws and regulatory. All companies are legally responsible to protect personal data in their possession.
If your company experiences a cyber attack, a good policy will cover you. A cyber insurance policy is a combined coverage policy including a direct loss component if suffered by the insured party and a liability component insurance cover.
Third party coverage: Privacy and data protection
First party coverage: Business interruption and loss of digital assets
These costs could easily run into the hundreds of thousands, if not $1m+ so If you wish to discuss any of these further, give our Business Insurance team a call and they will walk you through what your options are when it comes to cyber and data protection.
We can design tailor-made solutions for all companies wishing to actively protect themselves against digital risks, and in particular financial institutions, industries, communications, technology & media companies and retail companies.
If you are interested in having a talk about getting Business Insurance, we are here to guide you through the process.