One wrong click could expose a patient’s entire medical history.
Healthcare is the only industry where the risk of a threat is more likely to come from within the organization than from the outside.
8 months
The average amount of time it takes healthcare organizations to identify a breach
50%
Percentage of breaches of healthcare companies that begin internally
$1,500,000
Average HIPAA fine for healthcare companies in 2018
Unique coverages tailor-made to cover the exposure of healthcare organizations
Cost to comply with an OCR-mandated security assessment and program, as a result of a security failure or data breach that violates HIPAA privacy and security rules
Restoration of digital assets, including sensitive patient information
Business interruption from cyber attacks against the insured or their suppliers
Funds transfer incurred from a security failure or social engineering attack
Costs to respond to an extortion incident, including money, securities, and virtual currencies paid
Costs to replace computer systems and other technology damaged in a cyber attack
Related Case Studies
Dental office avoids ransom payment
A nationwide dental office restored from backups when they were hit with ransomware — Coalition helped cover their business interruption costs.
Significant losses covered for medical office
A medical office had nearly $800k in losses from a ransomware attack covered by Coalition.
Security trainings used for entire organization
A healthcare company uses Coalition’s included Employee Security Training and simulated phishing emails with every member of their staff.
Coalition’s products are offered with the financial security of Allianz Group* (A.M. Best A+ rating), Arch Specialty Insurance Company (A.M. Best A+ rating), Ascot Group** (A.M Best A rating), Fortegra Group (A.M. Best A- rating), Lloyd’s of London (A.M. Best A rating), Swiss Re Corporate Solutions*** legal entities (A.M. Best A+ rating), Vantage Risk Specialty Insurance Company (A.M. Best A- rating), and Chaucer Insurance Company DAC (A.M. Best A rating).
