Healthcare Cyber Insurance
HIPAA-compliant cyber coverage for healthcare providers.
Typical cost: $3,000 – $15,000+ per year
Healthcare Cyber Insurance
Healthcare organizations face unique cyber risks due to HIPAA compliance requirements and the high value of protected health information (PHI) on the black market. Healthcare cyber insurance addresses these specialized exposures.
HIPAA Compliance
Data breaches involving PHI trigger mandatory notification requirements and potential HIPAA fines up to $1.5 million per violation category. Cyber insurance helps manage these regulatory exposures while covering breach response costs.
What's covered
HIPAA Defense
Covers fines, penalties, and legal costs for HIPAA violations.
Breach Notification
Covers notification costs for PHI breaches as required by law.
Regulatory Investigation
Pays costs when HHS Office for Civil Rights investigates.
Medical Device Coverage
Covers vulnerabilities in connected medical devices.
EHR System Restoration
Covers restoration of electronic health records after attacks.
Tips
- • Healthcare is the most targeted sector for ransomware
- • HIPAA fines can reach $1.5 million per violation category
- • Medical device security is an emerging vulnerability
- • Cyber coverage increasingly required for healthcare contracts
- • Business associate agreements should address cyber incidents
Other cyber insurance types
Small Business Cyber Insurance
Affordable cyber coverage for small businesses.
Enterprise Cyber Insurance
Comprehensive cyber protection for large organizations.
E-Commerce Cyber Insurance
Protection for online retailers and digital businesses.
Data Breach Insurance
Coverage specifically for data breach response and notification.
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