Chubb Travel Pro Enhanced | Comprehensive Travel Insurance in Singapore

Cloud services follow a shared responsibility model, meaning they secure their infrastructure, but you're responsible for securing the data you store, manage, and access through these services. Cyber insurance can protect you from data breaches, ransomware, and other cyber risks that arise due to misconfigurations, user errors, or external threats.

While having an internal IT team and robust security infrastructure is essential for preventing cyberattacks, cyber insurance complements these measures by covering costs associated with business interruptions, legal liabilities, and regulatory fines if a breach still occurs. Cyber insurance also provides access to specialized cyber response teams that can handle large-scale incidents beyond the capacity of in-house IT.

Reputable insurers are bound by strict confidentiality agreements and data protection regulations. You can request a non-disclosure agreement (NDA) before sharing any proprietary information. Many insurers also only require high-level details about your security practices rather than detailed trade secrets.

Cyber insurance covers more than just IT recovery costs. It includes legal expenses, regulatory fines, and business interruption costs if you experience downtime. Additionally, insurance policies often include crisis management to help restore your reputation and assist with breach notifications to affected individuals.

Cyber insurance can provide coverage for third-party liability, which includes legal costs and damages if a breach occurs that impacts third parties, such as clients or partners. However, if you use external payment providers like Mastercard or Visa, they typically assume responsibility for securing payment data. That said, your business could still be liable for breaches involving your own systems, such as personal information gathered before or after the payment process. Explanation: Third-Party Liability: Cyber insurance typically does cover third-party liability, which refers to your legal responsibility if a data breach impacts third parties (e.g., clients, partners, or vendors). This could include exposure to lawsuits or regulatory fines if personal data is compromised, even if the breach occurred through a third-party service that interacts with your system. External Payment Providers: When you use payment providers like Mastercard or Visa, they have their own security protocols, and you usually don’t handle the actual credit card data. In such cases, if the breach happens on their systems, you typically wouldn't be liable because they bear responsibility. However, if the breach involves your systems (e.g., your website, customer database, or other non-payment-related personal data), you may still be liable for damages related to personal information exposure. Thus, while cyber insurance can provide protection in the event of third-party-related breaches, it's important to understand where your liability begins and ends when using external systems.

Even if the data you collect seems minimal or non-sensitive, it still exposes your business to cyber risks. Email addresses, names, and phone numbers are valuable to hackers for phishing scams, identity theft, and other malicious activities. A breach of this information could still result in legal liabilities and reputational damage, especially if customers suffer any harm due to the exposed data. Cyber insurance can help cover the costs associated with these types of breaches, including notifying affected individuals, managing potential lawsuits, and mitigating reputation loss.

While it’s good that you don’t store sensitive data long-term, there is still exposure during the time you have access to the data. Hackers can exploit vulnerabilities and access information before you erase it. Even short-term storage can make your systems a target if proper security measures aren't in place. Additionally, even non-sensitive data can expose you to legal risks if it’s mishandled or leaked. To protect your clinic, cyber insurance can cover costs related to data breaches, regardless of how long the data is retained. This includes breach notifications, legal fees, and business interruption costs.

Coverage for lost or delayed baggage can be found on Page 27, Section 29 – Loss Or Damage Of Personal Property And Baggage and Page 28, Section 31 – Baggage Delay of the policy wording document. For lost baggage, the policy provides compensation for the loss or damage of personal property and baggage, subject to certain limits. For delayed baggage exceeding six hours, the policy allows reimbursement for essential purchases.

Yes. Under the Automatic Policy Extension, coverage is automatically extended for up to 7 days if your return trip is delayed due to bad weather, such as a typhoon. For example, if you were scheduled to return to Singapore on 01 Sep 2024, but the trip was delayed due to the typhoon, your coverage would be extended from 01 Sep 2024 to 07 Sep 2024, ensuring you remain protected during the delay.

Yes, if you were treated by a doctor or dentist while traveling, you can continue your medical or dental treatment in Singapore for up to 31 days after returning. The insurance will reimburse the costs up to the limit specified in your policy, based on the plan you selected.

An "Insured Person" is someone named in the Certificate of Insurance who meets the eligibility requirements and whose premium has been paid or agreed to be paid. Here’s how it applies for different plans:

For a Single Trip Policy with a "Family" Plan, the insured people include: Up to 2 adults (they don't need to be related). Any number of children, grandchildren, nieces, nephews, or cousins who are Singapore residents, aged 45 days to 18 years (or up to 23 years if they are full-time students). All children, grandchildren, nieces, nephews, or cousins must travel with at least one adult. Everyone under the Family Plan must travel together on the same trip.

Chubb Travel Pro Enhanced covers the following key areas: Medical Expenses: Reimbursement for overseas medical costs due to injury or illness. Trip Cancellation & Curtailment: Compensation for non-refundable expenses if the trip is cancelled or cut short due to covered events. Baggage Loss or Delay: Coverage for lost, stolen, or delayed baggage. Travel Delay: Compensation for delays caused by specific reasons (e.g., flight issues, weather). Personal Liability: Protection against legal liability for third-party injury or property damage. Emergency Medical Evacuation: Coverage for emergency transportation if necessary due to a medical condition. Travel Inconvenience: Additional coverage for incidents like missed connections, hijackings, or natural disasters. This summary captures the primary areas of coverage provided by the policy.

A "Family Member" includes the following relatives: Your partner (spouse) Your dependent children Your parents and parents-in-law Your grandparents and grandparents-in-law Your great-grandparents and great-grandparents-in-law Your grandchildren Your siblings (brothers and sisters) Your brothers-in-law and sisters-in-law Your nieces and nephews

Yes, Chubb Travel Pro Enhanced provides coverage for COVID-19-related issues under certain conditions. This includes: Medical Expenses: Coverage for overseas medical treatment if you contract COVID-19 during your trip. Trip Cancellation or Curtailment: Coverage if your trip is cancelled or cut short due to a positive COVID-19 diagnosis before or during your trip. Emergency Medical Evacuation: If medically necessary due to COVID-19 complications, evacuation is covered. However, coverage may not apply for travel restrictions or government-imposed quarantine measures. Always review the policy wording for specific details and exclusions.

For an Annual Multi-Trip Policy with a "Family" Plan, the family includes: You (the insured), Your partner (spouse), and Your children. Children under 12 years old must travel with at least one adult on any trip.

To file a claim with Chubb Travel Pro Enhanced, follow these steps: Notify Chubb: Report the claim as soon as possible by using the online claims portal. - https://www.chubbtravelinsurance.com.sg/cti/sg-en/home/claim.html Prepare Required Documents: Gather supporting documents such as medical reports, receipts, travel itineraries, proof of trip cancellation, police reports (for theft), or other relevant paperwork. Submit the Claim: Complete the claim form and submit it with all required documents through Chubb’s online portal, via email, or by mail. Claim Processing: Chubb will assess the claim and inform you of the outcome or request additional information if necessary. Make sure to file the claim within the timeframe specified in your policy.

If you didn’t see a doctor, dentist, or alternative medical provider while traveling, you can still seek treatment within 24 hours of returning to Singapore. The insurance will reimburse medical, dental, or alternative medical expenses incurred within that 24-hour period, up to the maximum amount specified in your plan.

Travel delay compensation is found on Page 26, Section 26 – Travel Delay of the policy wording document. This section outlines the benefits provided for delays exceeding six consecutive hours during the journey, with payment subject to the specified limits based on the chosen plan.

The medical expenses coverage can be found on Page 2, Section 4 – Overseas Medical Expenses of the policy wording document. This section covers medical expenses incurred overseas due to accidents or illnesses, including hospital confinement, surgery, and emergency medical evacuation.

Keep Your Travel Documents: Hold onto your flight bookings, boarding passes, and other travel documents until you're back in Singapore. These are important for claims related to trip interruptions or delays. Save Receipts: Keep receipts for any extra expenses, like buying clothes or toiletries if your luggage is delayed, or for medical treatments. You'll need them for reimbursement claims. Get Official Reports: For incidents like flight delays or cancellations, always ask the airline or relevant authority for a report on official letterhead or with a stamp, explaining what happened. Track Lost Luggage: If your luggage is delayed, note when it was found and delivered. Ask the airline or courier for written proof to back up your claim. Collect Medical Reports: If you need medical treatment while traveling, make sure to get a report or diagnosis from the doctor or hospital. This will be required for medical claims. Document Damaged Items: If any of your belongings are damaged, take photos as proof. This will help support your claim for compensation.

Coverage for extreme sports or adventurous activities can be found on Page 11, Section 5 of the policy wording. It details the exclusions for various extreme sports and sporting activities.

Subsidiaries in a D&O insurance policy refer to companies that are owned or controlled by the main policyholder. The policy can automatically extend its coverage to these subsidiaries, providing directors and officers of these entities with protection. How It Works: Automatic Coverage: When a company (the policyholder) acquires or creates a new subsidiary, the policy typically includes an automatic extension of coverage to this new entity. This coverage is subject to certain conditions, like the size or nature of the subsidiary. If a subsidiary meets the criteria, its directors and officers are covered under the main policy. Time Limit: The policy may specify that only wrongful acts occurring after the entity becomes a subsidiary are covered. This means the policy won't cover incidents that happened before the subsidiary was acquired or created. Conditions: For certain large acquisitions or high-risk businesses, the insurer might require notification or additional underwriting to extend full coverage. This allows the insurer to assess any new risks the subsidiary might bring. What Is Covered: Directors and Officers of Subsidiaries: The policy extends the same protection to the directors and officers of the subsidiary as it does to those of the main company. This includes covering legal costs, settlements, and judgments if they are sued for decisions made in their roles. Specific Risks: This coverage helps manage risks that arise from managing different branches of the company, especially if those branches operate in different industries or regions. In simple terms, the Subsidiaries section ensures that the D&O policy protects not just the main company but also its owned entities, safeguarding all associated directors and officers under one policy umbrella.

D&O insurance covers the directors, officers, or trustees of a company or non-profit organization against claims made against them for wrongful acts.

D&O insurance provides financial protection for directors and officers if they are sued for decisions made on behalf of the company. It covers legal fees, settlements, and other related costs, safeguarding their personal assets.

Insuring Agreements are the core of a Directors & Officers (D&O) insurance policy. This section outlines what the policy will cover, describing the types of protection it offers to the insured individuals. Here’s how it works in simple terms: What It Covers: The insuring agreements state that the policy will cover losses if a claim is made against a director or officer for actions taken while managing the company. These losses can include legal defence costs, settlements, and judgments. Types of Coverage: Direct Protection (Side A): If directors or officers are sued and the company can’t legally or financially protect them, the policy steps in to cover personal costs. Company Reimbursement (Side B): If the company pays for a director’s or officer's legal defence, the policy reimburses the company. Entity Coverage (Side C): Protects the company itself when it is named in certain types of lawsuits, such as securities claims. How It Works: When a claim or lawsuit is made against a director, officer, or the company, the policy provides financial protection based on the terms outlined in the insuring agreements. The insurer steps in to pay for legal expenses, settlements, or judgments up to the policy’s limits. In short, the insuring agreements define what the policy covers, who is protected, and the situations in which the insurance kicks in.

Employment Related Wrongful Act - Explanation and Coverage How it Works Employment Related Wrongful Acts refer to a range of actions or behaviors by an employer that may be considered inappropriate, unfair, or illegal in an employment context. These acts can include a variety of claims brought by employees, former employees, or job applicants against the company or its directors and officers. What is Covered Employment Related Wrongful Acts include but are not limited to the following: Wrongful or Unfair Dismissal: Any claim involving the wrongful or unfair termination of an employee. Discrimination: Claims of discrimination based on race, gender, age, disability, or other protected characteristics. Harassment: Instances of workplace harassment, including sexual harassment. Breach of Employment Contract: Allegations of breaching the terms of an employment contract. Defamation: Any defamatory statement made against an employee. The coverage is designed to protect the company's directors and officers from the legal costs and potential damages resulting from these types of employment-related claims. Example for Easy Reference Suppose a director of a company decides to terminate an employee due to poor performance. The employee feels that the dismissal was unfair and decides to file a lawsuit against the company, alleging wrongful termination and discrimination. In this case, the D&O policy would provide coverage for legal defense costs and potential settlements, protecting the directors and officers from personal financial loss.

Comprehensive liability coverage for directors and officers protects individuals from personal financial loss due to claims of mismanagement, breach of duty, or legal liabilities arising from their role in the company. D&O insurance covers legal defense costs, settlements, and any judgments, ensuring the personal assets of directors and officers are safeguarded from lawsuits. This coverage allows business leaders to focus on their duties without the fear of personal financial risk.

Yes, private companies face risks like lawsuits from competitors, customers, and regulators, making D&O insurance essential for protecting their leadership.

Outside Directorship coverage in a D&O insurance policy protects directors or officers when they serve on the board of an outside company (known as an "outside entity") at the request of the main policyholder. Here’s how it works and what it covers: How It Works Appointment by the Main Company: If a director or officer from the policyholder’s company is appointed to serve on the board of another company (e.g., a joint venture, non-profit, or subsidiary) with the company's approval, this coverage kicks in. Excess of Other Coverage: The outside directorship coverage usually acts as excess insurance. This means it comes into play only after any insurance that the outside company has (like its own D&O policy) has been exhausted or if that company cannot indemnify the director. Automatic Coverage for New Positions: Often, the policy automatically provides coverage for directors who take up new board positions during the policy period. However, this might be limited to a specific timeframe (e.g., 60 days) until the insurer agrees to extend the coverage formally. What Is Covered Legal Costs: Covers legal defense costs if the director or officer is sued in their role as a board member of the outside company. Settlements and Judgments: Pays for settlements or judgments made against the director while serving on the outside board. Extension of Main Policy Benefits: Offers similar protection to what the director would have under the main company’s D&O policy, ensuring they aren’t left financially vulnerable when representing the company’s interests in another organization. In summary, Outside Directorship coverage protects company directors when they serve on the boards of other organizations at the request of the company, covering legal costs and liabilities that may arise in this extended role.

Yes, D&O insurance typically covers claims for wrongful acts committed as long as the claim is made during the policy period.

Premium rating and insured value are determined by the following factors Nature of work, estimated annual salary MOM mandates coverage, but insurers may provide more than what is necessary but not less than what is indicated. More info found in MOM site: https://www.mom.gov.sg/workplace-safety-and-health/work-injury-compensation/work-injury-compensation-insurance#:~:text=You%20need%20to%20get%20work,with%20MOM%20's%20compulsory%20terms.

WICA premiums are adjusted on a yearly basis for both employee additions and deletions. To make the adjustment (for an additional premium or premium refund), we will consider the overall average of salary from the previous policy year and compare it to the approaching renewal policy year.

Yes, as long as they are under insured company's payroll.

If, while you're on a trip and you miss a connecting flight because: (a) Your previous flight arrived late, or (b) Something like airspace or the airport being closed causes the delay, and there's no other way for you to continue your journey provided by the airline, the insurance company will pay the amount specified in your policy up to the maximum benefit stated.

"Pre-existing conditions" are health issues you had before getting this insurance. To avoid them being excluded from coverage, you need to have had continuous group or corporate hospital and surgical insurance for at least 12 months. This doesn't include individual medical plans paid with your Medisave Account or partly with cash. This exclusion shall not apply so long as the date that this Insured Person is added into the Policy occurs within thirty (30) days of the termination of his previous employment.

Corporate travel or business travel insurance typically defines as any medical conditions for which the Insured Person received medical treatment, diagnosis, consultation or prescribed drugs within a twelve (12) month period preceding the effective date that this Insured Person is added into the Policy. In many cases, pre-existing conditions may not be covered under standard business travel insurance. However, some policies may offer coverage for pre-existing conditions under certain conditions.

Policy period can be changed to align with the company's financial period, subject to approval.

It's often a good idea to periodically review and potentially increase the sum insured value for property insurance that covers renovation costs and office contents due to inflation. Inflation can cause the cost of repairs, replacements, and renovations to rise over time. By adjusting your coverage to keep up with inflation, you can ensure that your insurance adequately covers the actual replacement or repair costs in the event of a claim.

Yes, there is. The estimated minimum premium for S.I.T. marine insurance is S$35 per shipment. This serves as a baseline cost for securing coverage for your valuable shipments.

After securing your S.I.T. marine insurance policy through NRM Insurance, the coverage is activated once the insured shipment is in transit. It's crucial to ensure that all relevant details are accurately documented.

S.I.T. marine insurance plugs a gap in risk management by specifically addressing the vulnerability of merchandise during transit. It's a proactive step to protect investments and maintain customer satisfaction.

While S.I.T. insurance is tailored for luxury watches and valuable merchandise, it can also apply to other high-value goods that require specialized protection during shipping.

S.I.T. stands for "Secure in Transit." It's a specialized insurance that covers goods during transit, particularly luxury timepiece and merchandise like bags, ensuring protection against potential damages or losses.

S.I.T. marine insurance is popular because it provides customized coverage for high-value products such as timepieces. This insurance covers up to S$300,000 in insured value per shipment.

Chubb is a reputable underwriter with a solid track record. Their financial strength and experience in handling marine insurance make them a reliable choice for safeguarding valuable shipments.

NRM Insurance has expertise in marine insurance and partnerships with strong underwriters like Chubb. They tailor coverage to your needs, ensuring that luxury watch retailers receive comprehensive protection for their merchandise.

Partnering with Chubb as your marine underwriter offers a host of benefits. They provide up to USD 250 million capacity, a global claim adjustor network, and over 60 years of Valuable Goods experience.

Applying is straightforward! Just reach out to NRM Insurance and share information about your shipment requirements to receive an indicative quote. Frequency of shipment Highest value of a single shipment Estimated turnover Past three years claim experience

There is no joining fee. However, you will need to cover the GIA registration fee and an annual subscription fee for a business domain email.

Yes, as per GIA requirements, you must be at least 18 years old and possess a minimum of 3 GCE 'O' Level credit passes.

Yes, the requirements vary depending on the role: Personal Insurance Specialists (PIS): No sales target, focused solely on personal lines like travel, car, and home insurance. Nominee handling personal and commercial insurance: Will have an annual sales target or budget. Salaried Business Development Executives: Will also have an annual sales target or budget.

Yes, to maintain your registration as an insurance agent, you must fulfill the Continuing Professional Development (CPD) requirements. This includes completing a minimum of 15 hours of training each year to ensure you stay updated on industry changes and regulatory guidelines​

Masterpiece insurance is a high-end insurance policy that provides comprehensive coverage for valuable assets, including homes, art, and possessions. It's designed for individuals with substantial assets, offering tailored protection beyond standard insurance. Consider it if you have high-value belongings and want specialized coverage. It is a lifestyle we want to safeguard it.

By default, coverage for items stolen by a domestic worker is not included, as they are considered family members. However, an endorsement can be added at no extra cost to remove the domestic worker as a family member, allowing coverage for misappropriation by the domestic worker. Keep in mind that in such cases, coverage for the domestic worker's contents and personal liability may not be included.

Yes, you can, but there's a condition. To insure a property rented out or used as a secondary residence, you must first insure your main residence as the primary property. Once the main residence is insured, coverage can be extended to the secondary property.

Regular home insurance is less expensive because it doesn't cover negligence or mysterious losses. It also only protects belongings inside your home; with low coverage limits, it only covers specific risks. On the other hand, Masterpiece insurance includes negligence or mysterious losses and covers consequential losses. It doesn't apply the average clause and has no cap on alternative accommodation or loss of rental income.