AVOIDING LIABILITY BLOG

CPH & Associates Now Offers Cyber Liability Coverage for Mental and Allied Health Professionals

CPH & Associates now offers cyber liability coverage!

With cyber attacks becoming more prevalent, it is essential to understand the risk and protect your professional assets accordingly.

What is cyber liability?

Cyber liability is protection against a data breach of your client’s information. CPH & Associates Cyber Liability Policy Highlights Include:

  • Security Event Costs: Reimbursement for costs that are a result of Security Breach, Privacy Breach or breach of privacy regulations
  • Network Security and Privacy Liability Coverage: Coverage for damages you are legally obligated to pay as a result of a security breach or privacy breach
  • Customer Notification Expense Sublimit: Expenses to notify customers of actual or suspected breach to their non-public information
  • Public Relationship Expenses: Expenses to re-establish your reputation or public image that was damaged as a result of a breach

What does it cost to add it to your malpractice insurance policy?

There are two levels of coverage offered:

$87 per policy year provides the following coverage:

  • $15,000 for Security Event Costs and Network Security and Privacy Liability Coverage
  • $15,000 for Customer Notification Expense Sublimit and Public Relationship Expenses

$141 per policy year provides the following coverage:

  • $25,000 for Security Event Costs and Network Security and Privacy Liability Coverage
  • $15,000 for Customer Notification Expense Sublimit and Public Relationship Expenses

 Can I add it to my malpractice insurance policy?

Yes*. To add cyber liability to your existing policy, follow the instructions below:

  • Select “Make Changes to my policy” under “MY POLICIES”
  • Select the blue button titled “Make changes” (aligned with your current policy)
  • Select “Add Cyber Liability”

IT’S THAT EASY!

We’re proud to be at the forefront of cyber liability and one of the few malpractice insurance companies to offer this coverage to groups and individuals for a competitive price.

Please note: Cyber liability is NOT a stand alone insurance policy offered by CPH & Associates. To take advantage of cyber liability, you will need to have a mental / allied health malpractice insurance policy through CPH & Associates and add cyber liability onto that policy. Additionally, cyber liability is designed to protect digital privacy of your client’s information and DOES NOT cover loss of personal property. For Personal Property coverage, please inquire about CPH TOP which includes General Liability AND Personal Property coverage as an extension to your professional liability.

*As of June 29, 2017, cyber liability is NOT currently available in the following states: Alaska, Colorado, Connecticut, Florida, Louisiana, New Hampshire, New York and Virginia and will never be offered to the states of North Dakota and New Mexico.

Not a current policy holder? Click the button below to get a quote & apply online and don’t forget to add cyber liability to your professional liability policy!

ABOUT THE AUTHOR

CPH & Associates

CPH & Associates

Over the last decade, more than 500,000 people chose CPH & Associates for liability insurance. Because our business is specialized, we are able to focus on your liability needs in a way that bigger companies are not. Our team of associates represent over 50 years of collective experience in this field, and we are able to serve a large client base while maintaining a small-office approach.

Have Questions? click here, We’re happy to help!