CFC UNDERWRITING ROLLS OUT HEALTHCARE SPECIFIC CYBER LIABILITY PRODUCT
September 16th, 2015 | 1 min. read
By David Huss
CFC Underwriting, a specialty Lloyd’s MGA, launched a new cyber liability policy that is specifically designed for U.S. healthcare providers.
CFC’s Cyber Practice Leader, Vicky Paxton, says: “Healthcare companies have arguably become the largest target of hackers due to the vast amounts of highly sensitive data that they work with and store. To make matters more complicated, there is rigorous legislation surrounding the protection of this patient data, opening companies up to regulatory fines and investigations if they suffer a breach.”
Innovative features of this new policy include coverage for HIPAA corrective action plans, coverage for bodily injury resulting from a cyber attack, coverage for the costs associated with improving risk management controls in the period following a breach, and unlimited retroactive coverage.
For more information, and applications for submission, please contact Ethos.
As the Co-Founder and Chief Production Officer of Ethos Insurance Partners, David, with decades of experience in the insurance industry, has a rich background starting in reinsurance brokerage and later specializing in healthcare professional liability placements. Co-founding Ethos Insurance Partners in 2004, David possesses a comprehensive understanding of professional liability exposure in the healthcare industry and is well-versed in the products and capabilities of carrier partners. His role at Ethos involves assisting production support staff efficiently solving healthcare professional liability-related problems for retail customers. Personally, David finds joy in building, from home projects to business ventures, and enjoys sharing good meals and wines with friends and family. He looks forward to continuing to build Ethos through collaboration and serving retail customers.
