Cyber Risks Insurance

Cyber Risks Insurance

Coverage

To indemnify the Insured or pay on their behalf in excess of the following:

  1. IT forensic Investigation costs
  2. Privacy response costs
  3. Restoration costs
  4. Data restoration costs
  5. Business interruption loss incurred after the waiting period and during the business impact period
  6. Damages that the Insured is legally obliged to pay and related claim costs
  7. Extortion Loss
  8. Regulatory penalties and related regulatory costs


Arising as a direct consequence of contingency or contingencies listed hereunder:

  1. A Breach of Confidentiality; and/or
  2. A Breach of Privacy; and/or
  3. A Security Breach and/or failure to prevent Security Breach

Subject to such contingency or contingencies first occurring on or after the retroactive date and 

  1. Item 1 – 4, for contingency or contingencies first discovered by the Insured and reported to the Insurer in writing during the policy period or in accordance with Section V.10. of this Policy if applicable
  2. Item 5 – 7 for contingency or contingencies for which a claim or extortion threat is first made against the Insured and reported to the Insurer in writing during the policy period or in according with Section V.10. of this Policy if applicable

Exclusions

The Insurer shall have no liability or obligation for any claim, any Payment Card Industry (PCI) claim, any loss or for the payment of any amounts arising from or attributable to:

  1. Asbestos
  2. Bodily Injury
  3. Contractual Liability
  4. Costs of complying with an enforcement order
  5. Directors’ duties
  6. Discrimination
  7. Dishonest acts.

The above is a brief summary of the product. For more details, click here or contact MSIG Insurance (Vietnam) Co., Ltd:

Add: 10th Floor, CornerStone Building, No. 16, Phan Chu Trinh Street, Phan Chu Trinh Ward, Hoan Kiem District, Hanoi, Vietnam
Tel: +84 24 (3936 9188 ~ 3936 9200) | Fax: +84 24 3936 9187 | Email: [email protected]