Singapore – Cyber Liability

Allied World Cyber Liability Insurance protects small and medium-sized enterprises (SMEs) against liabilities arising from breaches of data protection laws, management of personal data and the consequences of losing information worldwide. For individual data, this includes credit card numbers, medical records, birth dates, passport numbers and other private personal information that can be stolen and used inappropriately. With network attacks and security becoming a significant global issue, we cover you for direct first-party losses such as recovering lost, stolen or destroyed data, notification, monitoring and forensic investigation expenses and loss of revenue.

Equally the loss of corporate information such as intellectual property and proprietary information could severely disadvantage a business. That’s why we have created the following comprehensive list of cover benefits to support you.

Crisis Management

  • Breach Consultation Services – legal assistance
  • Costs to Restore – research, replace, restore or recollect software and any electronic data due to a network attack
  • Breach Responses Services – Notification Services, Call Centre Services, Credit Monitoring Services and Identity Theft Resolution services
  • Public Relations Expenses
  • Data Forensic Expenses – costs incurred to investigate, examine and analyse a computer network

Business Interruption

  • Business Interruption – includes net profit or loss and extra expenses as a result of a network attack on an insured’s network

First Party Coverage

  • Hacker Theft Cover – fraudulent or erroneously paid funds
  • Network Extortion Coverage – costs to avoid, defend or preclude network extortion
  • Loss Adjustor Costs

Third Party Liability

  • Third Party Liability – related to privacy, personal information; corporate information; Media and Social Media (including defamation, intellectual property rights and plagiarism)
  • Regulator Liability
  • Investigation Liability
  • PCI DSS Cover
  • Consumer Redress Fund

Automatic Extensions

  • Emergency Costs—including Defence Costs and Loss Mitigation Costs
  • Loss Mitigation Costs
  • Personal Reputation Cover

Capacity / Limit Option

  • SGD$250,000 / SGD$500,000 / SGD$1MIL / SGD$2MIL

Territory / Jurisdiction

  • Worldwide