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Cyber insurance for healthcare providers

Holding significant amounts of highly sensitive data, healthcare providers have long been savvy about managing their privacy exposures. But these days, the need for cyber insurance extends beyond privacy alone. Healthcare entities must now contend with the risk of computer systems halting operations and cybercrime too, the costs of which can often exceed those of a privacy breach.

Cyber insurance can help

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Protect your patients if systems go down

Waking up to a cyber event can be paralyzing, and for healthcare providers, particularly scary – workstations locked down, operations at a standstill, patient records unreachable, drug delivery hindered. Besides the financial implications, these events can have serious consequences on the treatment of patients, resulting in cancelled appointments, staff overtime, rerouted services, or worst of all, harm to patients.

Whether the result of a cyber attack or simply a system outage, cyber insurance can provide immediate access to a team of expert forensic and incident response specialists who will help you get to the bottom of the incident and back online as quickly as possible, protecting services to your patients.

Learn how CFC’s cyber claims and incident response team helped a small hospital get back on track after malware led to huge operational disruption.

Protect your patients if systems go down

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business interruption

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Give you access to vital resources if you have a data breach

The healthcare industry is subject to an assortment of regulations when it comes to the protection of sensitive patient data. So if a data breach occurs, it can not only have a serious reputational impact on an organization, but also result in steep fines or penalties, corrective action plans and more.

Cyber insurance covers the wide range of privacy-related exposures faced by healthcare providers, including guiding you through and paying for the breach notification process if required, engaging forensic specialists to discover what happened, and covering the costs associated with regulatory fines and investigations.

Our cyber policy helped a small healthcare provider determine whether a ransomware attack had led to a notifiable data breach. 

Give you access to vital resources if you have a data breach

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to find out more

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Protect you against fraudulent wire transfers

Most healthcare entities complete frequent wire transfers, whether paying for work being done to your building or buying medical supplies in bulk. Unfortunately, this leaves you exposed to a growing problem – funds transfer fraud.

Often initiated with a simple phishing email, fraudsters are increasingly duping healthcare providers into transferring what they believe are legitimate payments to fraudulent bank accounts.

Cyber insurance can protect your business from the financial losses incurred in such scams.

Protect you against fraudulent wire transfers

Cyber insurance helps protect healthcare providers against the financial loss resulting from ransomware attacks, cybercrime, data breaches and much more.

Understanding your policy

Most cyber insurance policies include of a variety of coverage areas that work together to provide healthcare organizations with broad and affordable protection. Learn more about the major sections of cover in our policy:

All of this is backed up by best-of-breed risk management services and expert cyber claims handling. Learn more about our cyber solution.

Want to learn more about cyber insurance?

Over 40,000 businesses in 60 countries around the world trust CFC for their cyber insurance. Are you ready to join them?

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5 stars

5 out of 5 stars

“For the SME client looking to protect themselves against cyber attacks and crime/social engineering fraud, the CFC policy
offers excellent coverage and good value.”
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