Information and Communication Technology (ICT)
protect yourself against liability arising from the failure of products, services and advice you provide
ICT professionals and businesses need specialized insurance to protect themselves completely from the financial burden of such litigation and to protect their business reputation, their personal integrity and even their personal assets.
What Does It Cover
cyber & data security
- Breach of privacy regulations civil penalties
- Computer system extortion
- Crisis management and credit monitoring expenses
- Data breach notification costs
First party professional indemnity
- Costs of official enquiries
- Fidelity
- Loss mitigation and rectification
- Loss of or damage to documents and data
third party professional indemnity
- Intellectual Property Rights (including patent)
-Loss of documents and data
- Misuse of confidential information
- Contractual liability (indemnity and hold harmless)
- Defamation
EXCLUSIONS
There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.
IMPORTANT INFORMATION
Policies are yearly renewable, subject to the agreement of the Insurer. Premiums payable for these insurance policies are not guaranteed and may change at Policy Renewal Date at the Insurer’s full discretion.
All benefits and features mentioned herein are subject to terms and conditions of the policy. You must refer to the Policy Contract for the precise terms and conditions of this insurance plan.
Note: Buying a life and/or health insurance policy can be a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than the total premiums paid. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.
Policy Owners' Protection Scheme
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).