Singlife, a leading financial services company, has partnered with Circles Group to introduce two new insurance products for small and medium-sized enterprises (SMEs) in Singapore. The offerings, Singlife – Circle Complete and Singlife – Circle Cyber, aim to provide comprehensive protection against business liabilities and cyber risks, allowing SMEs to focus on growth and continuity.
Singlife – Circle Complete is a pioneering solution that consolidates essential business liability coverage into a single policy. This includes professional indemnity, directors and officers liability, crime insurance, and employment practices liability. SMEs can tailor their coverage to suit their specific needs, ensuring flexibility as their business evolves.
Singlife – Circle Cyber is designed to shield SMEs from cyberattacks, offering financial protection and practical support such as vulnerability scans and 24/7 incident response services. This helps businesses quickly identify and respond to threats without needing extensive in-house expertise.
Kenneth Tan, Co-Regional Director Asia Pacific of Financial Lines at Circles Group, highlighted the partnership’s significance: “There is a massive gap in offerings for SMEs in Singapore to manage legal liabilities and cyber incidents in-house. We are excited to partner with Singlife to offer digital insurance solutions tailored towards business owners.”
These new products are set to provide SMEs with the necessary safeguards to protect their assets and reputation, ensuring business continuity with peace of mind.
