⸺ Cyber Liability Insurance
Cyber insurance for Healthcare
Healthcare practices depend on technology to deliver care, access patient records, and keep daily operations moving. A cyberattack can interrupt those systems, expose sensitive information, and slow revenue while operating expenses continue.
techrug’s CyberBreach™ program offers cyber liability insurance to help healthcare businesses manage the financial impact of covered cyber incidents, from response and recovery to privacy claims and business interruption.
How cyber insurance helps healthcare providers.
Support when ransomware puts your practice under pressure.
A breach involving patient information may lead to a regulatory investigation into how your practice protected that information and responded to the incident. Potential HIPAA violations can bring legal costs and civil fines or penalties, adding financial pressure while your practice recovers.
Cyber insurance could help with certain costs of responding to an investigation, including qualifying legal defense expenses and civil fines or penalties where legally insurable.
Financial protection when patient care is interrupted.
Healthcare ransomware downtime has been reported to average around 24 days. When essential systems are unavailable, your practice may be unable to see patients or process billing as usual. The disruption can take a toll on your business as revenue drops while payroll, rent, and other expenses continue.
Cyber insurance could help cover qualifying lost income and ongoing expenses while affected systems are restored and your practice works to resume normal operations.
Support when a patient data breach leads to an investigation.
A breach involving patient information may lead to a regulatory investigation into how your practice protected that information and responded to the incident. Potential HIPAA violations can bring legal costs and civil fines or penalties, adding financial pressure while your practice recovers.
Cyber insurance could help with certain costs of responding to an investigation, including qualifying legal defense expenses and civil fines or penalties where legally insurable.
A system outage becomes a disruption to patient care.
Cyber insurance could help healthcare providers manage the financial impact of a cyber incident while they work to restore essential systems and resume patient services.
Understanding your policy
Understanding Your Cyber Coverage.
Cyber insurance combines several areas of coverage that could help healthcare providers respond to a cyber incident and manage the financial costs of recovery. Explore the key coverage areas below.
01
Cyber Extortion & Ransom
Cybercriminals can hold your business hostage and demand payment to prevent disrupting systems or exposing confidential information. The financial fallout can be devastating. Cyber extortion coverage protects a business against damages and expenses from extortionists threatening to launch a cyberattack, steal data, or disrupt systems.
02
Incident Response
A cyberattack can happen to a business at any time. Incident response coverage provides immediate access to the right experts to help contain the damage, notify the right people, and recover as quickly as possible.
03
Regulatory Fines & Penalties
Helps an organization cover the costs of investigating, defending against, and paying civil fines/penalties levied by government agencies or industry bodies following a data breach or security failure.
04
Cybercrime & Electronic Fraudulent Instruction
Fraudulent emails and fake payment instructions can fool even the most careful employees. If this happens, you need coverage to protect your business from a financial loss caused by cybercriminals tricking employees into transferring funds or data, or by hijacking systems to steal assets.