Cyber and ransomware attacks are constantly in the news. It's important that your physician clients be protected.
Posted in Insurance Services on Friday, May 20, 2022
We’ve all seen the reports about surging cyber and ransomware attacks. Worldwide, there was a 105% increase in ransomware attacks in 2021.
These incidents aren’t going away anytime soon. Health care providers need to be prepared for these scenarios that can be financially devastating, affect their systems and disrupt patient care.
It’s important that your physician clients be protected, and they’re counting on you to help find the right coverage. A buy-up policy through Tokio Marine HCC can help.
Advantages for Your Clients
While our professional liability insurance policy includes $50,000 in coverage, now is the time to provide your clients with a quote for additional protection. The Tokio Marine HCC - Cyber & Professional Lines Group buy up provides the following:
- Regulatory Proceeding, Network Security & Privacy Proceeding Insurance limits available for up to $5,000,000 per claim and in the aggregate
- Comprehensive coverage for defense costs, regulatory fines and penalties and shadow audit expenses
- Qualifying insureds receive preferred rates on higher limits of cyber insurance
- Full prior acts coverage subject to underwriting and policy language
- Convenience with one carrier for all cyber coverage
- Peace of mind that cyber claims do not affect insurability for professional liability coverage
Advantages for You
- Ease of doing business with one carrier/contact for all cyber coverages
- Indication requests and application submissions are submitted to us
- Claims are reported directly to us; we work with TMHCC
- Commission is based on your professional liability commission schedule
We’re ready to help you help your clients. For more information about cyber coverage and additional protection, contact your market manager.
An added note: With recent global events, CISA (CyberSecurity & Infrastructure Security Agency), recommends that companies be on high alert when it comes to cybersecurity. Learn what this “Shields Up” position means to you and your clients.