Cyber Risk Insurance

Today, regardless of the industry and company size, no business is immune to cyber attacks or hacking. BLACAZ. Cyber Risk Insurance is tailor-made for our SME and Startup clients.

BLACAZ. Cyber Risk Insurance protects your business against any event of cybercrime such as fraud, data theft, data breach, malware, ransomware attacks, or even social engineering, where criminals attempt to fool you into parting with money, information, or both.

Additionally, BLACAZ. Cyber Risk Insurance offers a complimentary Avast Antivirus and Firewall protection for up to 30 devices and 300GB of Cloud Storage with every policy issued and a dedicated 24/7 incident response team to assist with any covered cyber incident.

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Starts from

S$880

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Starts from

S$880

Customize and buy

Cyber Risk Insurance

See more details

Your benefits

No frills, just expertise, transparency and common sense. We've got you covered.

Legal lawsuit

following a breach of private information or defamation

Expenses incurred to recover data

provide security audit, or post-accident public relations and investigations expenses

Support for the consequences

of an interruption of online activity

Reimbursement

of cyber-ransoms to pay

Financial compensations

for the loss of any data

“We are like islands in the sea, separated on the surface but connected in the deep.”

W. James

FAQs - Cyber Risks

Find the replies to your questions right below or connect with us!

What is Cyber Risks insurance?

Cyber insurance protects companies against risks related to I.T. (information technology) infrastructure and activities. Cyber risk policy indemnifies the company against:

Legal lawsuit following a breach of private information or defamation
Expenses incurred to recover data, provide security audit, or post-accident public relations and investigations expenses
Support for the consequences of an interruption of online activity
Consultant fees necessary to end any threat of extortion;
Reimbursement of cyber-ransoms to pay
Financial compensations for the loss of any data

Who needs Cyber Risks insurance?

Cyber Risk insurance is a must have for any business that deals with personal identifiable information i.e. any data that can be used to identify a person as well as any Information Technology related risks.

What does Cyber Risks insurance not cover?

Cyber-Insurance covers losses arising from internet-based risks and helps organizations to settle the costs involved with the recovery of a cyber-related security breach or similar event.

However like every other insurance, cyber insurance policies also have few exclusions that are important to understand.

Potential future lost profits
Loss of value due to theft of your Intellectual Property
the cost to improve internal technology systems, including any software or security upgrades after a cyber event

How to switch insurance if I'm already covered?

Switching policy provider at the time of renewal, that is when your current insurance is near expiration, is straightforward. However, it's important to maintain the continuity of coverage while switching insurance providers. Our team at BLACAZ is always eager to assist you, so get in touch if you have any concerns.