Why Buy Cyber Liability Insurance Coverage?
Cyber Liability coverage is a must if you store or transmit patient data. Even if a third party company handles your patient data in paper or digital form, you still need cyber liability coverage.
Protection for damages, fines, and legal fees for client records breached, stolen, damaged, or lost, whether in paper or digital form caused by third-parties (vendors, movers, etc.)
If you want first-party coverage for all of these perils for yourself and no more than three (3) employees, then you need to add the First-Party Endorsement to your policy.
Protect from the many of the costs associated with a major data breach, when confidential data such as patient records, or personal financial data is copied, transmitted, viewed, stolen, or used by an individual unauthorized to handle such information.
Cyber liability insurance protects when storing sensitive client data electronically or liabilities associated with doing business online.