Cyber Liability Insurance
Cyber Liability Insurance is a cyber insurance product underwritten by Delta Underwriting Pte. Ltd. (Delta Insurance Group), available in Singapore. It is aimed at small and medium-sized businesses and mid-market companies. Coverage limits reach up to Up to $25M. The policy extends beyond standard cyber liability with Cyber crime / FTF. Policyholders get 2 bundled proactive services — Incident response and Crisis management — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of A (Excellent) – AM Best. It can be approached directly through the provider.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- Delta Underwriting Pte. Ltd.: first Lloyd's coverholder dedicated exclusively to cyber and technology liability lines in Singapore; Co. Reg. No. 201709369N.
- Cyber Liability Insurance Version 2: comprehensive 360° cyber protection for Singapore and Asia Pacific businesses; worldwide territory; up to $25M capacity via Lloyd's.
- Coverage (Version 1): Business Interruption, Third Party Liability, Hacker Theft Cover, Costs to Restore (data and software), Data Forensic Services, Network Extortion / Triage & Breach Consultation, Notification Services and Credit Monitoring, Mandatory Breach Reporting, Public Relations Expenses.
- New in Version 2: Reconstitution Costs (specialist/overtime IT recovery), Reward Expenses (information leading to arrest of threat actor), Telephone Hacking, Social Engineering Cover, Third Party Contractor Liability extension, Reputation Harm, Human Error, Programming Error.
- 24/7 rapid response from top IT security experts locally and internationally: immediate containment, restrict third-party access, secure IT infrastructure perimeter.
- Three-stage claims handling: Crisis Containment (triage, contain, initial PR, legal privilege), Crisis Management (forensic investigation, restore systems, ongoing PR, credit monitoring, BI investigation), Crisis Resolution (security review, ongoing credit monitoring, third-party claims resolution, BI settlement).
- Cyber risk management specialists: research and publish white paper on Singapore-specific cyber risks and exposures; highlights risk management practices.
- Value-add risk management product suite; post-loss partner network to strengthen cyber security baseline.
Limitations
- MGA / Lloyd's coverholder structure; access via broker.
- Primarily Singapore and Asia Pacific market; worldwide territory.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber Liability Insurance designed for?
Cyber Liability Insurance by Delta Underwriting Pte. Ltd. targets small and medium-sized businesses and mid-market companies in Singapore. Geographic scope: Global..
+What proactive security services are included with Cyber Liability Insurance?
The policy bundles 2 proactive services: Incident response and Crisis management. These preventive services are typically included in the premium.
+Does Cyber Liability Insurance help with NIS2 or DORA compliance?
Delta Underwriting Pte. Ltd. indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Cyber Liability Insurance in Singapore?
You can approach Delta Underwriting Pte. Ltd. directly (https://deltaunderwriting.com/) or via the provider's website. Compare it with alternatives in Singapore on Ryskly first.