Category Archives: Cyber Liability

Top 2 Reasons Why Healthcare Facilities Need Cyber Insurance

Category : Cyber Liability

Those who work in the healthcare industry know the importance of a comprehensive insurance package. Due to high expectations and heightened emotions, healthcare workers must be insured to protect against the repercussions of any lawsuits related to accidents or missteps. Similarly, the healthcare industry faces unique risks in regard to cyber safety, as a breach can mean the difference between life and death. 

1. Downed Systems

If any business systems become unavailable due to a cyber attack, doctors and nurses may no longer be able to do their jobs. They lose access to vital information about patients, preventing them from being able to administer medicine or treatment in a timely manner. Cyber insurance for healthcare professionals keeps any resulting issues at bay. 

2. Stolen Data 

Another issue with compromised systems is that cyber breaches give hackers access to personal information. Not only can they use this as a means of identity theft, but it provides them with confidential health data for both individual patients and the medical facility as a whole.

No matter what a hacker intends to accomplish through a system breach, a cyber attack can bring a fast-paced, efficient medical facility to its knees. Cyber insurance for healthcare facilities is therefore a necessity that ensures a successful experience for patients and affords medical professionals the peace of mind they need to focus on their jobs. 

Cyber Liability

Cyber Liability Insurance is for everyone

Technology has revolutionized today’s world and businesses, both big and small, benefit greatly from incorporating new technology into their business plans. From online sales to remote employees, to networked systems, businesses can’t succeed in today’s digital landscape without advanced technology. While there are countless benefits, there are also risks associated with our tech-driven world. Hackers and cyber-attacks are all too common and it isn’t just big corporations that are at risk. Businesses of all sizes should be aware of cyber threats and work to protect themselves and their business interests. 

What is Cyber Liability Insurance?

Despite what many people assume, a general liability policy is not adequate to protect a company from potential losses due to cybercrime. Cyber liability is a type of insurance put into place to keep businesses safe from extensive damage due to a data breach. This type of policy is specific to cyber-related claims and can at as protection from financial loss if your system is hacked or you experience a cyber-attack. However, cyber liability insurance is not enough. Companies must still incorporate advanced security software and employees to monitor activity. 

Who Needs Cyber Liability Insurance?

If your business utilizes cyber technology at all you should work with an insurance agent to evaluate your cyber protection. Don’t assume your company is small enough to be safe. Cyber-attacks are becoming more common and hackers are getting more and savvier. Protect yourself, your customers and your company from cyber threats with comprehensive cyber insurance today.