CFC UNDERWRITING ROLLS OUT HEALTHCARE SPECIFIC CYBER LIABILITY PRODUCT
September 16th, 2015 | 1 min. read
By David Huss
CFC Underwriting, a specialty Lloyd’s MGA, launched a new cyber liability policy that is specifically designed for U.S. healthcare providers.
CFC’s Cyber Practice Leader, Vicky Paxton, says: “Healthcare companies have arguably become the largest target of hackers due to the vast amounts of highly sensitive data that they work with and store. To make matters more complicated, there is rigorous legislation surrounding the protection of this patient data, opening companies up to regulatory fines and investigations if they suffer a breach.”
Innovative features of this new policy include coverage for HIPAA corrective action plans, coverage for bodily injury resulting from a cyber attack, coverage for the costs associated with improving risk management controls in the period following a breach, and unlimited retroactive coverage.
For more information, and applications for submission, please contact Ethos.
David is Ethos’ Co-Founder and Chief Production Officer. He has decades of experience in the insurance industry during which he has played many roles, including that of a contract writer for a reinsurance brokerage firm, a management liability underwriter and, over the past 20 years, a wholesale broker focused exclusively on the healthcare professional liability (HPL) space. As a true HPL specialist David possesses a comprehensive understanding of professional liability exposures in the healthcare industry and is well-versed in the products and capabilities of Ethos’ numerous carrier partners. His role at Ethos includes supporting production support staff in their effort to efficiently solve HPL-related problems for retail customers, mentoring Ethos’ business development staff and working to develop and maintain relationships with carrier business development staff and underwriters. Personally, David enjoys building things, whether they be home projects or business ventures. He also enjoys sharing good food and good wine with friends and family. David looks forward to continuing to build Ethos and serving retail customers for years to come.
