Industry News

In today’s highly competitive and regulated business environment, professionals and businesses offering services or advice face legal and financial risks. Mistakes, misunderstandings, or client dissatisfaction can lead to costly lawsuits that damage both reputation and finances. This is where Professional Indemnity Insurance (PII) becomes essential. Whether you’re a consultant, doctor, lawyer, architect, engineer, or any […]

1. SMEs Are Prime Targets for Cybercriminals Many small and medium-sized businesses believe they are too small to be hacked. The reality? Cybercriminals target SMEs more often because they typically lack strong cybersecurity defenses. 📌 Fact: Over 60% of SMEs shut down within six months of experiencing a cyberattack. 2. Data Breaches Lead to Legal

Cyber threats are no longer just an IT issue—they are a major financial risk for businesses of all sizes. In Malaysia, cybercrime incidents have surged, with thousands of businesses facing ransomware attacks, phishing scams, and data breaches every year. For many companies, a single cyberattack can result in millions of ringgit in financial losses, legal

Running a business in Malaysia is an exciting journey, but it also comes with its fair share of risks. From unexpected accidents to financial losses, having the right business insurance can make all the difference between survival and shutdown. Many SME owners often overlook insurance protection, thinking it’s unnecessary or too expensive—until disaster strikes. To

When it comes to installing machinery, steel structures, or industrial equipment, risks don’t just end at assembly. The installation phase is a critical period where unforeseen mishaps can lead to severe financial loss or project delays. That’s why Erection All Risks (EAR) Insurance is indispensable for contractors and businesses involved in such projects. What is

Construction projects are inherently risky ventures, with unforeseen events lurking around every corner. Contractors’ All Risks (CAR) Insurance isn’t just another policy—it’s your shield against the unexpected. What is Contractors All Risk Insurance in Malaysia? Contractors all risk insurance is a comprehensive policy in Malaysia crafted to protect construction projects. It covers: Material Damage: Protection