Chubb Privacy Protection® for Healthcare and Managed Care Organizations

Benefits

• Claims and underwriting expertise
• Flexible underwriting approach
• Regional offices provide customers nationwide access to underwriters informed on privacy issues
• Affirmative 100% allocation of defense provision if at least one covered claim is asserted
• No retention, coinsurance, time element or prior written approval restrictions for data breach fund
• Data breach expenses not subject to a post-discovery time restriction
• Coverage for regulatory fines
• Consumer redress fund applies to full privacy and network limits of liability

Coverage

• Privacy Liability coverage includes personal information in any format as well as customer and employee information; breaches are not restricted to a network event
• Network Security Liability
• Data Breach Fund includes:
  • First and third party expenses
  • Forensic expenses
  • Expenses to comply with the consumer notification provisions of the applicable jurisdiction that most favors coverage for such expenses
  • Costs for voluntary notification (prior written approval requirement)
  • Costs to retain public relations, crisis management and law firms
  • Legal expenses incurred by the Insured to ascertain their indemnification rights under contract
  • Credit monitoring expenses (no longer tied to privacy regulations)

Limits

Up to $20 million

Client Profile

Any healthcare or managed care organization managing sensitive customer or employee information, third party corporate information, a computer network or website