Midwestern medical liability insurance company MMIC Group has introduced Cyber Solutions, which provides comprehensive coverage for data breaches, invasions of privacy and other risks to the information technology systems of physicians and hospitals.
Cyber Solutions will be available effective 1 January 2012, as an endorsement to the policies of eligible physicians and hospitals, pending approval in the states where MMIC does business.
MMIC previously offered data security coverage separately from its medical liability coverage, through a second, specialist insurer. Cyber Solutions is underwritten entirely by MMIC.
MMIC Health IT provides information technology products and services, including electronic health record systems and specialized IT consulting for health care providers.
MMIC vice president of underwriting Jeff Pearson said that, according to independent research on privacy, data protection and information security policy, health care is among the top three industries most frequently victimized by data breaches.