Protect your business from a cyber breach
Cyber insurance, also known as Network & Privacy liability insurance, is to cover you from both your own direct cost to respond to any breaches and any third party cost you are liable for
Why Get Cyber Insurance?
Manage Unknown Risks
Protect yourself from risks beyond yourcontrol, including vendor breaches and staff error
Protect your Reputation
Lawsuits and breaches can damage your hard-won reputation. Insurance helps to contain a breach and help you recover quickly back to normal.
High cost of breaches
PDPA breach can normally cost between $50,000 to $250,000 due to legal fees and ransomware cost can be higher.
Access to
Experts
Get the right expert IT, Legal & PR advice to investigate, contain and recover from a breach with the cost covered by insurance
Who Does it Protect?
- Your Business
- Subsidiaries
- Employed persons of the insured entity
- Your Data and Network
Your business, your subsidiaries, all employed persons of the group, your data and network regardless of where the network is located.
Who needs Cyber Insurance?
Common buyers include technology companies, associations, medical or financial institutions, large SMEs, retail & e-commerce businesses, and consultants dealing with large corporations or sensitive data. This is especially so for the following sectors:
Finance, Fintech, Funds
They are prime targets for cyber attacks due to the large sums of money and sensitive financial data they manage
Startups, Tech, Consulting
Software companies and consultants often handle confidential sensitive data and are reliant on their digital operations for providing ongoing service to their clients
Med Tech, Allied Health, Wellness
They often store vast amounts of personal health information, making them a top target for cyber criminals
Retail, F&B, Lifestyle
These companies handle sensitive customer payment and personal data through their transactions
What does the insurance provide when there is a claim?
Typical policy benefits
Typical Exclusions
This is covered by Professional Indemnity Insurance. Find out more.
Why Use Anapi?
Get comprehensive coverage for as low as $900 annually and start coverage immediately with our packaged plans without having to fill in long forms from insurers and wait for quotes
As regulated insurance brokers we can access the entire Singapore insurance and specialty Lloyds market to find the best coverage for your businesss if you need mutiple quotes
Experienced team of brokers familar with emerging new businesses models, startups and their risks with mutiple awards from Austcham, Allianz and Lloyds Asia