October is Cybersecurity Awareness Month. To help our insureds better protect themselves and their practices from a cybersecurity incident, we will provide cybersecurity-related content in our newsletters and on social media this month.
To underscore the importance of adequate insurance coverage in the event of a cybersecurity incident, we encourage you to review these claim scenarios provided by our cyber risk experts, Tokio Marine HCC – Cyber & Professional Lines Group (TMHCC). These scenarios detail real-life examples of healthcare professionals, just like you, who experienced a cybersecurity incident in their own practice or facility, and how their insurance policies responded because they had purchased higher limits of coverage.
LAMMICO includes $10,000 of MEDEFENSE™ Plus/Cyber Liability coverage in most provider policies at no additional charge to the insured. We also offer higher limits of protection through our subsidiary agency, Elatas Risk Partners, subject to underwriting which will include questions that hone in on two-factor authentication and backup processes and procedures. This handout further outlines what is included in LAMMICO policies and provides ballpark rates, subject to underwriting review, for higher limits of coverage for various practice sizes.
Please contact Carly Thames, Elatas Account Executive, at cthames@lammico.com or 225-906-2062, for more information on higher limits of coverage.
How to Access the TMHCC CyberNET®
LAMMICO provides policyholders TMHCC CyberNET®: an advanced cyber risk management resource and education center. Log in as a Member to access the TMHCC CyberNET® portal. Once logged in, click "Cybersecurity TMHCC CyberNET" under the Additional Resources section of your Member dashboard, as shown in the image below.
Topics and resources available on TMHCC CyberNET® include:
- Non-CE cybersecurity training materials
- Sample policies and incident response plans
- Medical cybersecurity best practices
- Simple steps to prevent a ransomware attack or breach of your network
- HIPAA and business associate agreement information and sample policies
- Creating, testing and implementing incident response plans
- Complying with privacy and data protection laws
- Building a business continuity plan
- Ways to manage vendors that pose risks to your network
- Training courses to help you and your staff understand cyber risks