HIPAA Data Privacy and Security Insurance
Every Business Needs Privacy Protection
Business owner in every industry are increasingly exposed to privacy related claims and incidents such as a lost laptop, rogue employee, hacking and virus attacks that can result in an embarrassing and costly loss. Even more intrusive can be when this privacy is that of someone's personal health information. Network Security and Privacy Insurance, also know as Data Breach Insurance or Media Liability Insurance, protects the business owner with legal defense and indemnity against regulatory and liability claims arising from theft, loss, or accidental transmission of confidential client, patient or financial information.
- Limits Available include $1M per occurrence / $1M aggregate (subject to policy terms and conditions)
- Prior Acts coverage is available in most cases
Why the need?
Network Security & Privacy Insurance defends the insured for any claims arising our of a breach of privacy, virus attack, denial of service or HIPAA violation. Typically coverage is for electronic and paper-based information. Some policies include coverage for both regulatory defense and the payment of regulatory fines or penalties.
Patient Notification & Credit Monitoring Costs Insurance includes all necessary legal, public relations, electronic forensics, advertising and postage expenses incurred by the insured to notify third parties of a breech of information, as may be required by the state. In addition, one year of credit monitoring is included in some policies.
Data Recovery Costs Insurance provides reimbursement for reasonable and necessary amounts required to recover and/or replace data that is compromised, damaged, lost, erased or corrupted, including software costs.
The Professional Liability Insurance Group is available to provide you with an offer or further information. Contact one of our CSR Specialists Toll Free at 866-PLIG-123 or email us at info@PLIGofSJ.com.