Compare the Best Cyber Insurance in Singapore
We partner with business insurance specialists to help you compare and find the best cyber insurance policies.
Get Quotes From Popular Insurers
What is Cyber Insurance?
Cyber insurance is a type of insurance policy that protects businesses against financial losses resulting from cyber-related incidents. This includes data breaches, hacking, ransomware attacks, and other forms of cybercrime. It typically covers costs such as legal fees, data recovery, business interruption, customer notification, and even crisis management. As businesses in Singapore increasingly rely on digital systems, cyber insurance has become essential to safeguard sensitive data and maintain business continuity in the face of growing cyber threats.
Why Cyber Insurance?
Protect Against Growing Cyber Threats
Cyberattacks are becoming more frequent and sophisticated in Singapore, targeting businesses of all sizes. Cyber insurance provides a financial safety net by covering the costs of data breaches, ransomware, and other cyber incidents, helping your business recover without absorbing the full impact of the losses.
Safeguard Business Continuity
A cyberattack can disrupt your operations, result in downtime, and damage customer trust. Cyber insurance helps cover the cost of business interruption, data restoration, and IT recovery services, ensuring that your business can bounce back quickly and continue serving your customers.
Regulatory and Client Requirements
With stricter data protection laws like the PDPA in place, businesses are expected to safeguard personal and customer information. Cyber insurance helps you meet compliance standards and contractual obligations, especially if you handle sensitive data or work with large clients who require proof of cyber protection.
Who should get cyber insurance in Singapore?
Businesses With Customer Databases
Retailers, F&B outlets with loyalty programmes, and e-commerce stores store large volumes of customer data – such as emails, phone numbers, and payment details. Cyber liability insurance protects them from losses if this sensitive information is leaked or hacked.
Professional Services Firms
Law firms, accounting firms, and consultants handle confidential client data, financial records, and contracts. A single data breach could lead to lawsuits or reputational damage – cyber security insurance helps cover legal costs, client notification, and data recovery.
Tech-Driven Companies
Tech startups, SaaS platforms, and companies managing complex digital infrastructure or handling large amounts of user data face constant cyber exposure. Cyber insurance helps them cover the high cost of system recovery, business interruption, and reputational damage from cyberattacks or data leaks.
Best Cyber Insurance Plans in Singapore
AIG Cyber Insurance
Chubb Cyber Insurance
Tokio Marine Cyber Insurance
MSIG Cyber Insurance
QBE Cyber Insurance
Allied World Cyber Insurance
Allianz Cyber Insurance
How to apply for a comparison session?
Step 1
Submit a request for a quote with Corporate Cover. Based on your request, we will match you with one of our MAS-licensed partners.
Step 2
Our partners will obtain quotations from the respective insurers and help you compare based on price, features, and suitability.
Step 3
Once you've found the perfect cyber insurance policy, feel free to purchase it from a friend, directly from the insurer, or from our partners!
What does cyber insurance not cover?
Cyber insurance typically does not cover physical damage to hardware, pre-existing or known incidents, intentional acts by employees, or losses from war and terrorism. It also excludes claims arising from unlawful data collection or failure to maintain basic cybersecurity practices. Coverage focuses on digital risks, so it’s important to review your policy carefully for specific exclusions.
How much cyber insurance do I need?
The amount of cyber insurance you need depends on your business size, industry, data sensitivity, and reliance on digital systems. As a general guide, SMEs in Singapore often start with coverage between S$250,000 to S$2 million, while larger businesses or those handling sensitive customer data—like healthcare, finance, or tech—may require S$5 million or more. It’s best to assess your potential exposure, including costs for data recovery, legal fees, business interruption, and regulatory fines, to determine a suitable coverage limit.
How much does cyber insurance cost?
The cost of cyber insurance in Singapore can vary widely depending on your business size, industry, coverage limits, and risk profile. For SMEs, premiums typically start from as low as S$500 to S$2,000+ per year for basic coverage around S$250,000 to S$500,000. Larger companies or those in high-risk industries like tech or finance may pay significantly more, especially for higher coverage limits and broader protection. Getting quotes from multiple insurers and tailoring the policy to your needs is the best way to find cost-effective coverage.
Get Quotes From Popular Insurers
Why you should get your cyber insurance with Corporate Cover
Reduce Your Costs
At Corporate Cover, our partners help you compare quotes across multiple insurers to find the most cost-effective cyber insurance plan for your business—without compromising on coverage. Our partners have access to exclusive volume pricing, so you get better value than going direct.
Work With Cyber Insurance Experts
We partner with experienced, MAS-licensed business insurance specialists who understand the evolving cyber risk landscape in Singapore. They’ll help you identify the right level of protection based on your business type, digital exposure, and regulatory obligations.
Outstanding Customer Support
From the moment you request a quote to handling claims after an incident, our team is with you every step of the way. You’ll receive fast, reliable support and honest advice—so you can protect your business with total peace of mind.