Cyber Liability Coverage

COPIC is dedicated to protecting our insureds, so we’ve partnered with NAS Insurance Services to add cyber liability coverage to eligible policies. This coverage provides solid protection against security and privacy breaches along with other cyber threats and related liability issues. It’s another level of defense to meet the challenges of practicing medicine as the use of technology and electronic information continues to expand.

Why is cyber liability coverage important for health care professionals?

If a physician, medical practice, or facility experiences a privacy or security breach that involves protected health information or confidential data, there can be substantial financial and reputational costs. According to recent surveys conducted by the Small Business Authority, Symantec and the National Cybersecurity Alliance, the vast majority of U.S. small businesses lack a formal Internet security policy for employees, and only about half have even rudimentary cyber-security measures in place. And health care is often the target of cyber attacks and data breaches because of the sensitive information that is collected such as social security numbers, dates of birth, and billing records.

What are common areas of exposure?

  • Loss/theft of mobile devices or electronic files causes 68% of breaches each year
  • Improper disposal of patient records
  • Sensitive data is not encrypted
  • Outsourcing IT

Areas of coverage

COPIC’s cyber liability coverage protects insureds against incidents and related costs such as:

  • Unauthorized access of computer networks that leads to the destruction or theft of patient data.
  • A computer “virus” or cyber attack that impacts IT systems at your practice.
  • Regulatory defense costs related to a security breach that results in a HIPAA violation.
  • Patient support and notification services, and business interruption expenses that are needed after a privacy breach.
  • Reasonable and necessary expenses to replace a stolen laptop.

Contact Us

Questions about our cyber liability coverage or additional coverage options?

Mitch Laycock

mitchl@copic.com

720.858.6297

800.421.1834, ext. 6297

Report a Cyber/Data Breach Claim

Please call COPIC to make an incident report to an occurrence specialist.

720.858.6395 or

800.421.1834, ext. 6395

Cyber Resources for COPIC Insureds

Visit Cyber Details for information about coverage areas, limits of liability, and access to the NAS CyberNET website and its resources to prevent and mitigate cyber risks.