Sompo · Cyber insurance
Sompo cyber insurance
Sompo's SME cyber insurance priced for every revenue band and limit from its proposal form, where it stands against the other insurers, and how to apply.
In short
- Sompo prices a Standard Plan and a Premier Plan (50% more) at limits of S$250,000, S$500,000, S$1,000,000, S$2,000,000, with a S$1,000.00 excess on every claim and business interruption after an 8-hour wait (its form Oct 24).
- At the lowest price on 0 of the 20 revenue and limit examples on our pages.
- Each insurer sells through intermediaries, so a broker places it: Apply Now opens the insurer’s own proposal form on our site, filled in from your answers. The form asks about your business, the data you hold, your security controls and your loss history, and the insurer confirms the premium. Ask Shenton to arrange sends us the plan you picked and we arrange it for you.
- Sompo's proposal form, with its premium table
None of Allied World, Sompo and Great American is one of our featured insurers for cyber insurance, so we rank none of them: every insurer’s plans are shown, cheapest first.
Its price for each revenue and limit
| Example | Plan | A year | Place | Lowest of all |
|---|---|---|---|---|
| S$1m revenue, S$250k limit | SME Data & Cyber Security Insurance Standard Plan, S$250,000 limit | S$1,021.88 | 3 of 3 | S$981.00 |
| S$1m revenue, S$500k limit | SME Data & Cyber Security Insurance Standard Plan, S$500,000 limit | S$1,348.88 | 3 of 3 | S$1,308.00 |
| S$1m revenue, S$1m limit | SME Data & Cyber Security Insurance Standard Plan, S$1,000,000 limit | S$1,689.50 | 3 of 3 | S$1,635.00 |
| S$1m revenue, S$2m limit | SME Data & Cyber Security Insurance Standard Plan, S$2,000,000 limit | S$2,139.13 | 2 of 2 | S$2,071.00 |
| S$3m revenue, S$250k limit | SME Data & Cyber Security Insurance Standard Plan, S$250,000 limit | S$1,348.88 | 3 of 3 | S$1,308.00 |
| S$3m revenue, S$500k limit | SME Data & Cyber Security Insurance Standard Plan, S$500,000 limit | S$1,689.50 | 3 of 3 | S$1,635.00 |
| S$3m revenue, S$1m limit | SME Data & Cyber Security Insurance Standard Plan, S$1,000,000 limit | S$2,030.13 | 3 of 3 | S$1,962.00 |
| S$3m revenue, S$2m limit | SME Data & Cyber Security Insurance Standard Plan, S$2,000,000 limit | S$2,588.75 | 2 of 2 | S$2,507.00 |
| S$5m revenue, S$250k limit | SME Data & Cyber Security Insurance Standard Plan, S$250,000 limit | S$1,580.50 | 3 of 3 | S$1,526.00 |
| S$5m revenue, S$500k limit | SME Data & Cyber Security Insurance Standard Plan, S$500,000 limit | S$2,030.13 | 3 of 3 | S$1,962.00 |
| S$5m revenue, S$1m limit | SME Data & Cyber Security Insurance Standard Plan, S$1,000,000 limit | S$2,479.75 | 3 of 3 | S$2,398.00 |
| S$5m revenue, S$2m limit | SME Data & Cyber Security Insurance Standard Plan, S$2,000,000 limit | S$3,147.38 | 2 of 2 | S$3,052.00 |
| S$10m revenue, S$250k limit | SME Data & Cyber Security Insurance Standard Plan, S$250,000 limit | S$2,370.75 | 3 of 3 | S$2,289.00 |
| S$10m revenue, S$500k limit | SME Data & Cyber Security Insurance Standard Plan, S$500,000 limit | S$3,038.38 | 3 of 3 | S$2,943.00 |
| S$10m revenue, S$1m limit | SME Data & Cyber Security Insurance Standard Plan, S$1,000,000 limit | S$3,719.63 | 3 of 3 | S$3,597.00 |
| S$10m revenue, S$2m limit | SME Data & Cyber Security Insurance Standard Plan, S$2,000,000 limit | S$4,727.88 | 2 of 2 | S$4,578.00 |
| S$20m revenue, S$250k limit | SME Data & Cyber Security Insurance Standard Plan, S$250,000 limit | S$3,270.00 | 3 of 3 | S$3,161.00 |
| S$20m revenue, S$500k limit | SME Data & Cyber Security Insurance Standard Plan, S$500,000 limit | S$4,387.25 | 3 of 3 | S$4,251.00 |
| S$20m revenue, S$1m limit | SME Data & Cyber Security Insurance Standard Plan, S$1,000,000 limit | S$5,518.13 | 3 of 3 | S$5,341.00 |
| S$20m revenue, S$2m limit | SME Data & Cyber Security Insurance Standard Plan, S$2,000,000 limit | S$7,316.63 | 2 of 2 | S$7,085.00 |
Sompo for S$3m revenue, S$500k limit
| Insurer | A year | Limit of liability | Excess on every claim | Business interruption | Revenue band |
|---|---|---|---|---|---|
| SompoSME Data & Cyber Security Insurance Standard Plan, S$500,000 limit | S$1,689.50 | S$500,000 | S$1,000.00 | After an 8-hour wait | S$1,000,001 to S$3,000,000 |
| SompoSME Data & Cyber Security Insurance Premier Plan, S$500,000 limit | S$2,534.25 | S$500,000 | S$1,000.00 | After an 8-hour wait | S$1,000,001 to S$3,000,000 |
How these prices are worked out
The prices are the Standard Plan tables printed on each insurer’s own proposal form (Allied World SG-CYBER1023-PF (0625), Sompo Oct 24, Great American F.40323B (12/24)), premiums including GST, read on 2 Nov 2026. A Premier Plan is the Standard figure plus the 50% loading Allied World’s and Sompo’s forms state. The insurers price on the past twelve months' revenue, in five bands up to S$20,000,000, and the limit. An unlimited retroactive date (20% more at Allied World and Sompo) is not priced here. Nothing here is a live quote. Shenton Brokers is an insurance broker in Singapore. Every example is in a CSV file, updated daily.
Questions people ask
How much is Sompo cyber insurance?
For the 20 revenue and limit examples on our pages, its cheapest plan runs from S$1,021.88 to S$7,316.63 a year, GST included. It is at the lowest price on 0 of them.
What does Sompo's cyber insurance cover?
Limit of liability, in all: S$500,000; Data forensics, breach consultation, costs to restore: Full limit; Breach response (notification, credit and ID monitoring), public relations: Full limit; Business interruption: Full limit, after an 8-hour waiting period; Network extortion: Full limit or S$1,000,000, whichever is lower, with 30% coinsurance above the excess; Hacker theft: Not covered on the Standard Plan; Loss adjustor costs: Not covered on the Standard Plan; Third-party, regulator and investigation liability; consumer redress fund: Full limit.
What are the excess and the waiting period?
Sompo prices a Standard Plan and a Premier Plan (50% more) at limits of S$250,000, S$500,000, S$1,000,000, S$2,000,000, with a S$1,000.00 excess on every claim and business interruption after an 8-hour wait (its form Oct 24).
How do I get Sompo's plan?
Each insurer sells through intermediaries, so a broker places it: Apply Now opens the insurer’s own proposal form on our site, filled in from your answers. The form asks about your business, the data you hold, your security controls and your loss history, and the insurer confirms the premium. Ask Shenton to arrange sends us the plan you picked and we arrange it for you.