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Cyber Liability
Data Breach Security is Key
Healthcare organizations that utilize electronic records or are in the process of working towards that standard, face significant exposure to security threats and data loss. Healthcare organizations are particularly susceptible to cyber-related security breaches, which have the potential to expose vital data including medical records, social security numbers, credit card information and other confidential patient and/or business information. Healthcare Organizations can be liable for these breaches whether they are on the computer, on paper or other forms of media.
Most states have enacted laws requiring notification of security breaches involving personal information - paving the way for lawsuits against corporate board members and executive management for fiduciary breaches caused by the lack of proper cyber data protection.
Many organizations have very thorough and well planned policies for their companies, but mistakes can happen with employees and vendors that you can be held liable for, even with the best intentions.
Cyber liability insurance provides protection for risk not found in traditional insurance coverage, such as property, crime, directors & officers, errors & omissions, and other liability policies.
Madison is well-versed and experienced in creating Cyber Liability Insurance plans that provide optimal protection against this rapidly growing threat.
To receive Cyber Liability Insurance coverage, you can either call our toll free number, or visit our Online Quote Center. A professional insurance expert from Madison will go over all your options and the best ways to proceed with protecting your practice.
