Providing the best medical malpractice coverage and practice support benefits to protect your professional and personal well-being are a hallmark of CAP membership.
Healthcare facilities and medical groups continue to experience a dramatic increase in the frequency and severity of claims as a result of ransomware and phishing attacks.
As today’s risks are more threatening and prevalent, it is important for you to remember the value-added insurance coverages CAP provides as part of your membership, including CyberRisk insurance. This cyberliability policy covers up to $50,000 and 5,000 patient notifications per covered claim should you experience a data breach in your practice.
CAP members should note that their CyberRisk insurance includes a $2,500 deductible per covered claim.
In addition, your CyberRisk insurance benefit is subject to a shared annual aggregate limit of $10,000,000, which means that all amounts paid under CyberRisk on your behalf and on behalf of all other CAP members will reduce and may completely exhaust such shared annual aggregate limit. If the shared annual aggregate limit is exhausted, your individual CyberRisk limits will also be deemed exhausted, and there will be no further CyberRisk insurance benefit available to you or others for the remainder of the year.
To avoid potential claims, CAP encourages all member practices to implement strict cybersecurity measures. As part of the benefits of your CyberRisk insurance, you and your staff can access free HIPAA training courses on how to prevent data breaches, and much more at https://CAP.nascybernet.com. (First-time users will need to sign up for a free account with your CAP member number as your “Sign Up Code.” Once you have registered, you will be able to create usernames and passwords for your employees also.)
To report any claim or potential incident, please contact Tokio Marine HCC below, advise that you are a CAP member, and give your CAP member/entity number:
Tokio Marine HCC - Cyber & Professional Lines Group
Claims Department
16501 Ventura Blvd., Suite 200
Encino, CA 91436
Claims Telephone Number: 888-627-8995
Claims Email Address: cpl.claims@tmhcc.com
There are no upfront costs to report a claim or potential claim. Tokio Marine HCC’s goal is to get you back up and running while reaching a successful resolution. When it comes to providing expert breach response, Tokio Marine HCC’s in-house claims team considers the needs of each member.
Now is a good time to explore purchasing additional CyberRisk insurance available at excellent rates through CAP Physicians Insurance Agency, Inc. (CAP Agency). To learn more, call one of CAP Agency’s licensed insurance professionals at 800-819-0061 or email CAPAgency@CAPphysicians.com.