Cyber Liability Insurance
Why Is Cyber Liability Insurance Important?
If your business stores patient or financial information – whether it’s electronic or paper, stored in-house or on a cloud, or gives your patients the ability to make payments or check personal information online – then you need a cyber liability insurance policy to protect you from the risk of potential hackers.
Adequate cyber liability insurance coverage is essential to medical practices today, and the limits included in your professional liability policy are often not enough.
Overcoming a cybercrime event often requires both human and financial resources. Research shows that smaller healthcare practices are targeted precisely because they do not have the resources or security measures in place. A security breach must be dealt with immediately and can shut down a business for several days.