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Cyber Liability Archives - Diederich Healthcare

Beyond Medical Malpractice – Other Policies a Physician Practice Needs

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Most physicians will agree that their livelihood depends on the success of their practice.  Although professional liability insurance will protect the insured from errors and omissions in their day to day patient contact, there are additional insurance options that will also protect against loss from many other unforeseen acts that can be devastating to both the physician’s practice and their reputation.  For a healthcare provider, understanding the differences between coverages,  knowing what is needed for…

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Data Exposures & Cyber Liability In The Medical Practice

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Data compliance standards (HIPAA, HITECH and Gramm-Leach-Bliley Act) and the implementation of Electronic Health Records (EHR) requirements of the Affordable Care Act (ACA) require medical practices and healthcare organizations to not only utilize electronic data, but also ensure that the data is secure and methods are in place to report and recover any lost or stolen information. Any company that maintains private personal/financial information on customers/patients has the responsibility to protect that information. Any unauthorized…

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Medical Malpractice Insurance and Cyber Liability – A Great Combination

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A trend that started a couple of years ago continues to catch on in the medical malpractice insurance community.  Several medical professional liability insurance companies have been adding on extra coverages for physicians in order to entice them to stay with their current company and also attract new physicians.  One of the most popular endorsements added to these policies in recent years has been Cyber Liability Coverage.  The great thing about this additional coverage is…

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Cyber Liability Insurance Coverage

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Are your computer records and patient information protected?  A recent survey by research group Advisen found that despite increasing instances of cyber attacks, only about a third of companies that need cyber liability insurance coverage are protected.  Most companies need cyber insurance but don’t realize they don’t have it until after a lawsuit is filed and it’s too late.  It is estimated that more companies will purchase cyber liability policies in the near future due…

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