Most people think a breach won’t happen to them, but did you know that for medical practices or anyone that keeps and stores medical records the chances of a HIPAA breach occurring is not a matter of ‘if’ but ‘when’. Recent studies uncovered that within the last two years 91% of medical facilities have experienced at least one breach. The question that many owners or managers of medical practices do not know is the true cost of a Hipaa violation or
Would a D&O insurance policy cover the board if a data breach claim occurs? Every policy has its quirks both D&O and Data Breach, and most of these insurance policies have different coverage language. 3 things that stick out about the D&O Policy: 1. Your D&O policy language may exclude data breaches all together. It also may not. Read the exclusion section for words like “privacy acts.” Have a cyber liability insurance professional review it further. 2. A D&O insurance
Affenix, LLC
1011 N. Broadway
Knoxville, TN 37917
Tel: (865) 385-0482
Fax: (865) 524-0787
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