Cyber liability is the legal responsibility businesses and individuals can be held accountable for, for damages caused by data breaches and cyber-attacks. This can include expenses like credit monitoring, identity theft protection, and legal fees. It can also cover lost income if customers stop doing business with you because their personal information was compromised in a data breach.
How to Get Higher Cyber Limits When You Need Them the Most
If there's any term that strikes fear in the hearts of risk managers and many brokers alike, it's cyber. Not only is the landscape of cyber risk evolving and changing by the day, but comprehensive coverage against cyberattacks, ransomware, and other threats has gone from a nice-to-have add-on to a foundational part of enterprise risk management.
Is Your Electronic Health Record a Malpractice Risk?
A plan to introduce electronic health records (EHRs) across the country was started in 2004 by President George W. Bush to “avoid dangerous medical mistakes, reduce costs, and improve care.” The main reason for the EHR adoption was to avoid medical errors which is a huge reason for medical malpractice claims, but in actuality the number of medical liability claims has actually risen with the EHR as a contributing factor. A research report by The Doctors Company in 2017 showed that the number of EHR-related claims grew from only 2 claims between 2007 – 2010 to 92 claims between 2014-2016.
Starting a Successful Private Practice – Laying the Foundation
Opening up your own practice can be a long and laborious process but the long-term rewarding benefits can enrich your life. Some examples of these benefits include enhanced physician-patient relationships and the freedom to practice guided by your own personal and professional goals. Building a solid foundation in the early planning stages will prepare you for a successful practice in the future. The necessary steps to start building this foundation are described below.
