Physicians handle vast amounts of sensitive patient data, making their practices prime targets for cyberattacks and data breaches. CyberRisk insurance helps cover the financial and legal consequences of these incidents, including HIPAA penalties, identity theft, and costs associated with restoring operations.
As data breaches are now more frequent and sophisticated than ever, it is important to purchase CyberRisk insurance to protect yourself, your patients, and your practice.
CAP members are eligible to purchase up to $1 million in CyberRisk coverage to protect against dangerous and costly cyberattacks.
Get a Free Quote Now at www.CAPphysicians.com/CRQuote
CyberRisk insurance is available for purchase at excellent rates through Symphony Health, a division of Symphony Risk Solutions. Contact Symphony Health at 800-819-0061 or via email at HealthCareServices@SymphonyRisk.com to learn more or request a free consultation.
Important Reminder About Your Automatic CyberRisk Insurance Benefit
CAP members are reminded of the value-added insurance benefits CAP provides as part of their membership, including CyberRisk liability coverage 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 benefit includes a $2,500 deductible per covered claim.
In addition, your CyberRisk 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 limits. If the shared annual aggregate limit is exhausted, your individual CyberRisk limits will also be deemed exhausted, and there will be no further CyberRisk benefit available to you or others for the remainder of the year.
Free Training for CAP Member Practices
To avoid potential claims, CAP encourages all member practices to implement strict cybersecurity measures. As part of the benefits of your CyberRisk coverage, 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.
Easy Claims Handling
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: 818-382-2030
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.