Cyber Liability Insurance for Care Homes

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Cyber Liability for Care Homes

If you own or manage a care home, you will no doubt be aware of the genuine and current threat or cyber crime. A relatively new risk that we all have to consider, cyber attacks can occur to all companies, no matter how well protected the IT system.

A hacker may want to breach a care home’s firewalls and gain access to sensitive data, not just from clients but also staff and suppliers. If they gain hold of such data, what could they do with it? This kind of information in the wrong hands could be very costly for the people in your care home as well as your business overall.

Also it is important to note GDPR rules which require you to be extra careful with data mean that you could receive fines of up to 4% of your annual turnover if there is such a leak. Consider the legal costs as well as the disruption to your business if this were to happen. Business Interruption is very costly and damage to your reputation is immeasurable!

So what can you do? By investing in cyber liability insurance for care homes with Hamilton Robertson, you can gain the advice you need to safeguard your business and limit damages should the worst happen. You will receive a team of staff to manage losses or incidents including Public Relations services and communication with any parties affected.

Essentially, the insurance can cover you with bespoke crisis management, fixing damage and resolving your data breaches quickly. If the incident involves a ransom incident, this can be handled by trained negotiators which is all included in the policy. You can also get cover for your legal expenses should you need it.

This might all sound very scary, but with Hamilton Robertson, we take care of the finer details so that you can have the peace of mind and security that you will be looked after if this happens. It also means you can get on with the business of running your care home, without worrying about the what ifs.

We are highly experienced in this field, having worked for over 40 years in this industry, providing bespoke insurance policies to businesses of all sizes over the years. Our team are ready to take your call if you would like to discuss your next insurance policy with us.

Care Homes face Cyber Crime – Genuine and Current Threat

Data corruption from outside sources occur to all companies, no matter how well protected the IT system.

All Care Homes and Domiciliary Care Providers have sensitive data on staff, clients and suppliers
Data can be accessed by hackers or breached by employees
Malware, Viruses and Ransom demands will cause invaluable downtime and could put vulnerable service users at risk
GDPR rules with fines of up to 4% of annual turnover can be costly
Cyber criminals can easily access your bank transfers
Legal costs and fines from regulators can be inconvenient to cash flow
Business Interruption is costly and reputation loss to Nursing Homes is not measurable