Cyber Threats in the Healthcare Industry

18 April 2017
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Category: Uncategorized
18 April 2017, Comments: 0

An ever increasing threat to businesses is cyber attacks.   Most healthcare businesses have their insurance coverages  in place including liability, professional liability (malpractice/errors and omissions), property, bonding, business auto, workers compensation and more.   However, cyber security  liability is often overlooked as many healthcare businesses do not truly understand their risk from cyber attacks.   Whether the business is a physician’s office, home health care provider or urgent care center, most are subject to HIPAA and privacy of their patients’ is very important  as well as several other concerns including reputational risk of the business.    Insurance should be a risk management consideration for this exposure  and Cyber Security Liability insurance  can help in many areas including:

  • Loss of digital assets
  • Non-Physical Business interruption & Extra Expense
  • Cyber Extortion Threat
  • Security Event costs
  • Network Security and privacy liability coverage
  • Employee Privacy Liability coverage
  • Electronic Media Liability Coverage
  • Cyber Terrorism Coverage
  • Customer Notification Expenses
  • Public Relations Expenses

Talk to your agent about your specific risks and exposures for cyber threats.  For more information and Cyber Risk Assessment Checklist , contact Hatter, Williams & Purdy Insurance  at info[@]hwpinsurance.com.

 

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