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Cyber liability coverage

Help for cyber incidents when you need it most

A cyber-attack can be financially devastating to medical practices — large or small.

Cyber insurance is included with all TMLT policies. It includes coverage for network security and privacy incidents.

Coverage includes

  • Ransom payments incurred directly resulting from a ransom threat.

  • Data and system recovery costs incurred directly resulting from a cyber event.
  • Business interruption loss, including extra expense, incurred because of a business interruption directly resulting from a business interruption event.
  • Reputation harm — Reputation loss incurred because of a reputation event directly resulting from a cyber event or extortion threat.
  • Cyber event costs directly resulting from a cyber event. 
  • Proof of loss — Any reasonable and necessary costs for an expert to determine the amount and the extent of any covered business interruption loss, data and system recovery costs, extra expense, and reputation loss.
  • Privacy and network security — Any damages and defense costs arising from a liability claim against an insured for any cyber event.
  • Regulatory fines and penalties — Any fines, penalties, and defense costs arising from a regulatory claim against an insured for any cyber event.
  • Cyber deception — Losses from fraudulent instruction, funds transfer fraud, and telephone fraud.
  • Payment card — Any PCI payments, PCI investigation costs, and defense costs arising from a PCI claim against the insured for a PCI wrongful act resulting from a cyber event.
  • Media — Any damages and defense costs arising from a liability claim against the insured for a media wrongful act.

Limits

Physician: $100,000 per claim / $100,000 per policy period
Entities: $100,000 per claim / $500,000 per policy period

Important information about your cyber policy

  • There is a $2,500 deductible per insured event
  • 60-day reporting period 
  • Please note: Legal defense costs are included in a policy’s aggregate limit of liability. In the case of a cyber claim, the aggregate limit of liability available to pay loss and the retentions shall be reduced and may be exhausted by the payment of defense costs. The insurer (AmTrust) shall not be liable for defense costs or the amount of any loss after the aggregate limit of liability has been exhausted.

Higher Limits

Enhanced Cyber Liability coverage is available through Barton Oaks Insurance Services, Inc., a TMLT affiliate, and is underwritten by AmTrust.  The enhanced coverage provides greater protection against claims that may exceed your standard cyber liability policy limits.

Higher limits — up to $2 million (or higher) — are available for purchase. For more information on higher limits, please email cyber@tmlt.org and a representative of Barton Oaks Insurance Services will respond to discuss your options.