Data breach

Data breach insurance, also known as Cyber Security insurance, covers the costs of responding to a data breach. It may also cover liability in lawsuits, attorney fees, credit monitoring, data restoration and patient notification.

DBC has trusted and effective strategies to help you address and resolve a data breach. Our experienced staff can save you valuable time and money by ensuring your practice meets all compliance requirements.

Why do I need Data Breach Insurance?

While federal law may not require cyber security coverage, it is crucial that you protect the sensitive patient information your practice stores.

In most cases, a general liability policy does not cover the associated risks of a data breach. That includes the loss of control over protected health information (PHI) and personally identifiable information (PII).

Most data breaches are caused by simple mistakes, such as computer theft or placing confidential documents in a recycling bin. Additionally, the use of electronic health records systems and mobile devices may increase your risk to a data breach, leaving patient information exposed to:

  • Theft or loss
  • Malware and hacking
  • Unauthorized access or disclosure — even by trusted employees
  • Improper disposal

Even if you use state-of-the-art data security controls, encrypted information may still be at risk. A data breach can strike at any time, from half a world away or an unlocked recycling bin behind your practice.

Without proper coverage, the financial impact could prove devastating to your practice:

  • $214 average cost-per-compromised patient record (includes hard and soft costs)
  • Out-of-pocket costs of notifying federal and state regulatory agencies and local media outlets
  • Loss of staff time and productivity
  • Loss of revenue
  • Damage to your reputation
  • Civil lawsuits by patients
  • HIPAA and/or HITECH fines and penalties

What does Cyber Security Insurance cover?

When working with protected health information, your practice assumes responsibility for the security and privacy of a patient’s data. While you might think general liability insurance has you covered, most policies offer little or no protection against data breach. With cyber security insurance, your practice is covered for:

  • Denial of service attacks or inability to access websites or systems
  • Unauthorized access to, use of, or tampering with data
  • Disclosure of confidential data (invasion of privacy)
  • Loss of data or digital assets (malicious or accidental)
  • Introduction of malicious code or viruses
  • Cyber extortion or terrorism threats
  • Regulatory action, notification, or defense expenses
  • Crisis management and public relations expenses
  • Data or system restoration

How to protect your practice from the threat of a data breach:

Considering that most practices are not adequately covered against data breaches, it’s time to start rethinking your insurance needs. Remember, it’s better to be safe when facing a breach than sorry your coverage doesn’t offer the protection you need.

DBC remains committed to ongoing data breach risk management and prevention. To offer dentists protection against the threat of data breach, we have aligned with Chubb, a leading cyber security insurance provider, to offer a unique solution tailored for the dental community.

With our DBC Cyber Security program, you’ll enjoy free access to:

  • Chubb’s eRisk Hub® portal, an online risk management resource designed to help protect and mitigate cyber security breaches
  • Industry standard techniques in cyber risk management
  • Email alerts and news services that connect you with breach activities and trends
  • Chubb’s Incident Response Road Map.
  • Downloadable risk management forms and documents
  • Training resources for your employees about privacy, physical security, and IT security

Don’t expose your dental practice to the financial and reputation risks associated with data breach. Contact DBC at 855-260-4538 or email dbicquestions@dentistsbenefits.com for more information.

Apply Today!

Simply complete an application and fax to 503-765-3511 or email to dbicquestions@dentistsbenefits.com.

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Oregon Cyber Application 

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CHUBB Cyber Security Flyer 

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CHUBB eRisk Hub® Flyer 

 

10505 SE 17th Ave
Milwaukie, Oregon 97222
503-765-3510 • 800-452-0504 toll free
503-765-3511 fax • Email us

Dentists Benefits Insurance Company (DBIC) is a property and casualty insurance carrier
that writes professional liability, general liability and property coverage in Oregon, Alaska,
Arizona, Montana and Tennessee.

Dentists Benefits Corporation (DBC) is a full service commercial agency that brokers DBIC
policies and ancillary coverages (e.g. data breach, workers’ comp, disability, life and health).

Dentists Benefits Insurance Company