The Cyber SafeGuard Insurance policy is an effective tool designed to help in managing cyber risks and second line of defences, connecting companies to key experts in times of need and also in managing significant costs of a cyber-attack, data breach or system failure.

This policy provides cover on the following and needs to be renewed annually:

• Investigation Costs
• Privacy Response Costs
• Data Restoration Costs
• Business Interruption Loss
• Liability
• Extortion Loss
• Regulatory Penalties and Regulatory Costs

Duration of cover is for one year. You need to renew your cover annually. 
The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact MSIG Insurance (Malaysia) Bhd or PIDM (visit www.pidm.gov.my).

The premium is calculated based on various underwriting factors such as limit of liability, nature of business, revenue, cover requirements, claims experience, and etc.

You are obligated to pay any applicable taxes (which include but not limited to service tax and stamp duty) imposed by the Malaysian tax authorities in relation to your Policy.

• Importance of Disclosure - You must take reasonable care not to misrepresent when answering questions in the proposal form or in any request made by MSIG Insurance (Malaysia) Bhd (“Company”) and check the information you have provided is complete and accurate. 
  You should also disclose all relevant information which may influence the Company in the acceptance of this insurance, decide the terms and the premium you will pay. If you do not take reasonable care and the information provided by you is incomplete or inaccurate, this may affect your claim. Your responsibility to provide complete and accurate information when requested by the Company shall continue until the time of you entering into, making changes to or renewing your insurance.
• Retention or deductible, being an amount you have to bear before you are paid. 

This policy does not cover certain losses arising out of, resulting from, or attributable to:

• Bodily injury
• Dishonest acts
• Employment practices
• Funds transfer
• Illegal programs
• Infrastructure
• Intellectual Property
• Prior Acts
• Trading Losses and Liabilities
• Unfair and Deceptive Practices
• Unlawful Data Procedures

Note: This list is non-exhaustive. Please refer to the policy wording for the full list of exclusions under this policy.

You may cancel your policy at any time by giving written notice to us. Upon cancellation, you are entitled to a premium refund based on the conditions stated in the policy.

It is important that you inform us of any change in your contact details to ensure that all correspondences reach you in a timely manner.

Should you require additional information about this insurance, please contact us at:

MSIG Insurance (Malaysia) Bhd