PROTECTION. SECURITY. TRUSTED.
Secure Your Practice’s Future with Comprehensive Cyber Security
The Business Insurance Division of ESCO Agency
Thank you for your interest in Cyber Security Insurance Provided by ESCO.
Let’s get started with your COMPLIMENTARY QUOTE.
NEXT STEP: CLICK TO GET STARTED
CLICK HERE TO GET STARTED FOR YOUR FREE CYBER SECURITY INSURANCE QUOTE!
COVERAGE FOR INSURED'S DIRECT LOSS (FIRST-PARTY LOSS)
- Ransom Payments: Expenses or payments to respond to a cyber extortion demand or ransomware attack.
- Data & System Recovery: Costs to restore the computer system to the same level of functionality that existed prior to a cyber event and to restore, retrieve, repair, or reinstall electronic data or software damaged from a cyber event.
- Business Interruption: Income loss and expenses incured during the interruption or slowdown of operations caused by a cyber event at your business.
- Business Interruption from Suppliers: Income loss and expenses suffered by the company due to a vendor or supplier experiencing a cyber event of their own.
- Reputational Harm: Income loss incurred due to a cyber event becoming public and hurting the company’s reputation.
- Cyber Incident Response: Expenses to respond to a cyber event, including:
- Legal Services
- Computer Forensic Services
- Notification of affected individuals and credit monitoring
- Public relations
- Cyber Deception: Financial fraud, phishing attack loss, and telecommunications fraud loss sustained because of a social engineering event or impersonation attempt.
- Cryptojacking: Malicious software that uses the computer’s power and resources to mine for digital currency – this can interrupt your own operations, lead to huge electricity bills and shorten the life of your computers and other devices.
COVERAGE FOR CLAIMS BROUGHT AGAINST AN INSURED (THIRD-PARTY LIABILITY)
- Privacy and Network Liability: Expenses or payments to respond to a cyber extortion demand or ransomware attack.
- Regulatory Fines: Fines and penalties imposed by a governmental agency resulting from a cyber event or violation of privacy regulations.
- Payment Card Penalties: For companies that take credit card payments, there is coverage for forensic investigation costs, fines, penalties, and assessments that businesses owe to the credit card companies because of a cyber event on their systems.
- Media Liability: Defense against claims alleging improper material on your company’s website or in print media, such as copyright infringement.
Frequently Asked Questions: Cyber Security Insurance
What is cyber security insurance and why do hearing health care offices need it?
Cyber security insurance is a type of insurance policy that helps protect businesses from financial losses related to cyber-attacks, data breaches, and other cyber security incidents. Hearing health care offices need cyber security insurance to mitigate the potential financial impact of a data breach or cyber-attack, which can result in costly legal fees, fines, and reputational damage.
What does cyber security insurance typically cover for hearing health care offices?
Cyber security insurance policies typically cover expenses related to data breach response, including notification costs, forensic investigations, public relations services, and credit monitoring services for affected individuals. They may also cover legal fees associated with defending against lawsuits related to the data breach, as well as regulatory fines and penalties.
How can hearing health care offices determine the right amount of cyber security insurance coverage needed?
Hearing health care offices should consider factors such as the size and scope of their business, the amount of sensitive data they handle, their susceptibility to cyber-attacks, and the potential costs associated with a data breach when determining the right amount of cyber security insurance coverage needed. Working with an insurance provider or cyber security consultant can help in assessing these factors and determining appropriate coverage limits.
What are some common exclusions in cyber security insurance policies for hearing health care offices?
Common exclusions in cyber security insurance policies may include acts of war or terrorism, intentional acts of fraud or dishonesty, bodily injury or property damage, and incidents resulting from inadequate security controls or failure to comply with security standards. It is important for hearing health care offices to carefully review and understand the exclusions in their cyber security insurance policies to ensure they have appropriate coverage.
What are some best practices for hearing health care offices to reduce the risk of cyber attacks and data breaches?
Some best practices for hearing health care offices to reduce the risk of cyber-attacks and data breaches include implementing strong password policies, conducting regular security training for employees, keeping software and systems up to date, using encryption for sensitive data, and implementing multi-factor authentication. Additionally, having a comprehensive incident response plan in place can help hearing health care offices effectively respond to and recover from cyber security incidents.
ESCO Agency Is NOW Offering BOP Insurance with Professional Liability, Workers' Compensation, and Cyber Security Insurance!
As the early pioneer and longstanding leader in independent loss and damage coverage for hearing aids, ESCO Agency is committed to protecting what matters most. Since 1989, ESCO Agency has provided comprehensive loss, damage, and repair protection for a wide variety of manufacturers, models, and styles of hearing aids. At ESCO Agency, we firmly believe in the importance of protection, and this commitment extends beyond hearing aids. Building upon our expertise in insurance coverage, we have expanded our offerings to include commercial insurance products as well. Partnering with AmTrust Financial, our new offerings include a Business Owner's Policy (BOP) that encompasses Professional Liability Insurance, Worker's Compensation, and Cyber Security.
Let's Get Started … Choose Your Solution Below:
HEARING DEVICE PROTECTION
From in-warranty to out-of-warranty programs, the coverage protects the patient investment and provides peace of mind on their hearing device purchase.
Business Owner's Policy
(INCLUDING PROFESSIONAL LIABILITY INSURANCE)
Property and Liability coverage that protects your business against theft, fire and more. Plus, coverage that your business needs against unexpected accidents and more.
WORKERS’ COMPENSATION
Coverage that protects your employees if they ever get injured. It covers medical costs and care, disability benefits, ongoing care, and work-related injury legal fees.
CYBER SECURITY
First-party loss coverage to third-party liability, the cyber security coverage protects against online threats, data breaches, business interruption, deception and more.
Comprehensive Insurance Solutions
Hearing Device Protection
From in-warranty to out-of-warranty programs, the coverage protects the patient investment and provides peace of mind on their hearing device purchase.
Business Owner's Policy (BOP)
INCLUDING PROFESSIONAL LIABILITY INSURANCE
Property and Liability coverage that protects your business against theft, fire and more. Plus, coverage that your business needs against unexpected accidents and more.
Workers' Compensation
Coverage that protects your employees if they ever get injured. It covers medical costs and care, disability benefits, ongoing care, and work-related injury legal fees.
Cyber
Security
First-party loss coverage to third-party liability, the cyber security coverage protects against online threats, data breaches, business interruption, deception and more.
