Protect your business from third-party claims arising from data breaches, cyber attacks, and privacy violations under Singapore's PDPA. From $500/year.
Compare Cyber Liability QuotesCyber liability insurance (also called cyber third-party liability insurance) protects your business from legal claims and lawsuits filed by customers, clients, or business partners when their personal data is compromised due to a cyber incident at your company.
In Singapore, the Personal Data Protection Act (PDPA) makes businesses legally responsible for protecting customer data. If your business experiences a data breach, you can face:
Coverage for legal fees, court costs, and settlement expenses when customers sue your business after a data breach. Average cost: $50,000 - $500,000 per lawsuit.
Coverage for fines imposed by Singapore's Personal Data Protection Commission (PDPC) for violations of the PDPA. Fines up to $1,000,000.
When unauthorized access to customer data leads to privacy invasion claims. Includes coverage for emotional distress claims and reputational damage.
Claims from business partners or clients if your network security failure causes their systems to be compromised or infected with malware.
Coverage for claims of copyright infringement, trademark violations, or theft of trade secrets through cyber means.
| Business Size | Annual Premium | Coverage Limit |
|---|---|---|
| Small Business (1-20 employees) | $500 - $1,500/year | $500K - $1M |
| Medium Business (20-100 employees) | $1,500 - $5,000/year | $1M - $5M |
| Large Enterprise (100+ employees) | $5,000 - $15,000/year | $5M - $25M |
Incident: A clinic in Singapore experienced a ransomware attack that encrypted patient records, including NRIC numbers, medical histories, and contact details for 15,000 patients.
Costs without cyber liability insurance:
With cyber liability insurance ($2,800/year premium): All third-party legal costs, settlements, and PDPC fines were covered. The clinic only paid the $5,000 deductible.
How much customer data do you store? Types of data (NRIC, credit cards, medical records)? Number of records?
Small businesses: $500K - $1M | Medium businesses: $1M - $5M | Large enterprises: $5M - $25M
Get quotes from Chubb, AXA, Zurich, QBE, MSIG, and compare coverage terms, deductibles, and exclusions.
Ensure policy covers PDPC fines, regulatory defense costs, and mandatory breach notification expenses.
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