The Doctors Insurance Agency specializes in working with physicians to reduce the premium and increase the insurance protection for all practitioners practicing in the country. One of the important areas of insurance that is overlooked, over estimated in cost and under appreciated is the TDC endorsed and discounted data breach liability insurance. Why, in a time when the Federal Government (Hitec Act) through the HIPAA guidelines and increased attention nationally to name and identity protection, when healthcare providers are held to almost unrealistic and unsustainable responsibilities to protect the medical records, when healthcare providers now are held responsible to patients, payers, and medical facilities, would you not take advantage of $1,000,000 in assistance and protection for under 1,000 per year. The Doctors Insurance Agency Data Liability Insurance does just this, 1 Million and expert attorneys for less than 1 thousand dollars.
It used to be that when a thief stole property, the property owner was treated as the victim. Not so any longer based on the recent lawsuit filed against Sutter Health. Last year, Sutter was the victim of a burglary. The thief broke into an administrative office and stole a desktop computer. Unfortunately for Sutter, the computer contained unencrypted medical record data. Complying with the California Breach Notification Law, Sutter notified the affected individuals. The very same day, lawyers filed suit against Sutter in what is now being referred to as a "Zero Day" security breach lawsuit. More than a dozen related legal complaints followed in quick succession.
The Doctors Insurance Agency Data Breach Insurance provides coverage for this first party liability of notifying the breached and fixing the problem.
We are working for our healthcare providers to allocate premium saved from medical malpractice insurance to pay for data breach liability to increase protection and decrease expenses.