If you are a practice owner, cyber risk insurance protects your practice from financial loss due to a data breach. This may include loss, damage, extortion, loss of income, and even damages to your reputation.
Cyber risk insurance is optional. However, given the growing percentage of practices managing their business digitally, it’s becoming more standard. Practice owners looking to protect their business’s personal and financial information and patient records from digital theft and damage are adding cyber risk insurance to their security portfolio.