Underscoring the importance of a cyber insurance for middle market healthcare providers, this is one of a growing number of reported breaches we are seeing in this space. Many providers rely on sub-limited (often as low as $50,000) cyber cover as part of their medical malpractice insurance policy. Postage alone will dwarf this level of coverage.
With potential HIPAA penalties, this claim can easily cost the provider several million dollars in addition to reputational damage for patients, insurers, and service partners.
We offer a healthcare product with separate limits for breach notification expenses, a bodily injury coverage part, and management liability to defend any suits directly against the directors & officers arising out of a cyber event.
We have over 25 years experience providing risk and insurance solutions to healthcare providers. Check us out!