Medical and healthcare professionals often store information about their employees and clients, including sensitive personal health information, social security and debit and credit card numbers. If that information is lost or stolen, it could leave your business vulnerable to lawsuits, regulatory fines, penalties and a damaged reputation.
Contrary to popular belief, the risk of a data breach is not just a problem for big business and hacking isn’t the only way a breach can occur. Consider what could happen if:
- An employee’s car is broken into and a laptop containing clients’ personally identifiable information is stolen.
- An email containing sensitive employee or patient information is sent to the wrong person.
- Patient records containing health histories are taken during a break-in.
Many business owners aren’t aware of the costs associated with a data breach – or the actions they may need to take to address the liabilities they face when their paper or virtual records are lost or stolen. If you collect or store any personally identifiable information on employees or clients, you should consider data breach coverage.
The Hartford’s data breach program offers coverage to help pay for costs associated with notifying impacted individuals, managing public relations, good faith advertising and legal liability expenses. Customers also have access to services that can help reduce the likelihood of a breach and assistance to help navigate a breach if one occurs.