Data Breach Insurance: Think About It

Woman with laptop If you had a chance to read our post yesterday about the top 10 HIPAA violations of 2012, it might have left you feeling a little uneasy. Uneasy, because it happened to every kind of organization (private companies, public health departments, university-based organizations, etc). Uneasy, because it happened to major organizations that should have protocols and IT specialists in place to prevent this kind of stuff. Uneasy, because human, preventable error played such a large role in many of the breaches (think: leaving a laptop in your locked car). Uneasy, because it became clear that even one’s own employees (or former employees) can betray one’s own organization.

So, if you are part of a much smaller, less IT-equipped practice who has seen employees come and go, what are you to do? If the big organizations aren’t safe, are you?

While we don’t want to sound alarmist, as insurance agents, you know we like to err on the side of caution. We have seen data breaches of small practices increase over the past year and the havoc they can wreak.

More specifically, here are some of the problems that a data breach can cause:

Significant financial penalties for HIPAA violations

Significant time and financial cost to notify patients and/or pay for credit monitoring, if appropriate

Damage to the practice’s reputation

Data breach insurance can help you with many of the above headaches that a data breach can bring. Contact us today to discuss your data breach needs and to get a free quote. Simply fill out the quote request form and put “data breach insurance” in the “Additional Information and Comments” section.

This entry was posted in Insurance on by .