Cyber Liability Insurance

Why Do You Need Cyber Liability Insurance?

Medical organisations are required to store, organise and maintain sensitive information concerning a large number of patients. This can include medical conditions, treatments, Medicare number, and other volumes of information. All this information is commonly stored on computer systems. While storing the information electronically is certainly the logical way to go, it may appear as a lucrative target for hackers and other like minded cyber criminals.

With the continually increasing government regulation stemming from privacy breaches and the ever increasing propensity for cyber hacks, cyber insurance can indemnify you against costs and expenses incurred as a result of such malicious activity with these costs including public relations expenses, lost income, costs to notify customers/members or those others persons for whom their private information has been compromised.

Premium Cyber Security for You

Data breaches are incredibly expensive. Not only this, but they can also cause your operations significant financial and reputational damage when they occur – two good reasons why you should consider obtaining cyber liability insurance for your medical organisation. If you are in need of coverage, Medico Insurance is here to help as we offer a cyber liability insurance program that will compensate you for many of the damages caused by the breach in your computer systems. When we are by your side, you will be able to resume operations in no time. With our cyber liability insurance program, some of the features available include the following:

• All legal expenses
• The costs of informing clients about the security breach
• Costs resultant from telephone hacking
• Costs resultant from phishing
• Data breach management.
• Network security liability

Get In Touch With Us!

Do you need cyber liability insurance or just want more information? Then look no further than Medico Insurance Services. For more information about our cyber liability insurance program or to schedule an appointment with us, please feel free to call us on 1300 MED INS (1300 633 467).