Endorsement
Made for Healthcare
Our endorsement extends coverage to systems specifically used by the healthcare industry: medical equipment used in the course of care that is connected to the internet, Electronic Medical Record (EMR), patient Customer Resource Management (CRM), Picture Archiving and Communication System (PACS).
HIPAA Corrective Action Plan
Coverage extends to cover the costs to recertify the insured’s HIPAA compliance status as well as to create and implement a HIPAA Corrective Action Plan.
Outsourced Service Providers
Coverage expands the definition of Outsourced Service Provider to include Electronic Health Record Systems (EHR) providers, which are commonly used for accessing patient files electronically.
Preventive Shutdown
Coverage expands the Business Interruption and Contingent Business Interruption insuring agreements to situations where the Insured’s or Outsource Service Provider’s system may need to be shutdown to mitigate, reduce, or avoid further damage or interruption in service caused by a computer crime or computer attack.
Expanded Definition of Computer Systems
Coverage extends to systems specifically used by the healthcare industry: medical equipment used in the course of care that is connected to the internet, Electronic Medical Record (EMR), patient Customer Resource Management (CRM), Picture Archiving and Communication System (PACS).
Appetite
Limits up to $10M
Primary risks earning up to $5B in gross annual revenue
Excess risks earning up to $5B in gross annual revenue
Data privacy incident is disclosed
A medical services provider received notice from its vendor disclosing a data-privacy incident involving Protected Health Information (PHI).
Legal and regulatory obligations triggered
The incident resulted in the exposure of PHI, necessitating notices to both regulators and patients.
Legal counsel responds to investigation
Corvus connected the provider with experienced legal counsel to assist with issuing notice to federal and state regulators, and a firm to assist with patient notification.
Corvus policy responds
The provider’s Smart Cyber policy covered costs associated with legal counsel and notification, helping the provider to respond with confidence and recover financially from the incident.
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Clinics
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Health Practitioners/ Physicians/Dentists
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Health Departments
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Health Services (Emergency & Outpatient Care Centers, Blood and Organ Banks, Telemedicine)
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Healthcare Consultants
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Hospitals
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Labs
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Long-term Care/Assisted Living
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Medical Groups
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Pharmacies
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Radiology/Imaging Centers
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Skilled Nursing
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Surgery Centers
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And more…
Claims Examples & Industry-specific Coverage Highlights
*Eligibility for such program is determined when you apply for coverage. Policy quotes, terms and conditions, and premiums are made in accordance with Corvus Insurance’s underwriting guidelines. The policy, not general descriptions or material within this information, will form the contract between the insured and our insurance carrier partners. Coverage may not be available in all jurisdictions.
*Healthcare industry statistics from: Sophos News: The State of Ransomware in Healthcare 2024
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Corvus Insurance Agency, LLC (CA License No. 0M20816), is a wholly-owned subsidiary of Corvus Insurance Holdings, Inc.