If a patient has had the same doctor for years, then the physician likely has a lot of information on that patient. Being a good physician means keeping detailed records of your patients’ medical histories.
It takes a lot of information to keep a medical record. Often, these records cover patients since birth. That way doctors can get a comprehensive idea of the patient’s past and environment. Records can include a vast amount of a person's most private information.
As technology has expanded, the way doctors keep records has also changed. Gone are the days of simply compiling records in a folder. Today’s health care practices use both print and digital avenues to keep records. Physicians may keep records on hard drives, in databases and on paper.
Therefore, records are extremely valuable assets to a medical practice’s success. If you lose your records because of a peril, you could see your patients put at risk. Your practice may suffer as a result of the losses.
A variety of insurance resources can help you recuperate from a records loss. They may not be able to get lost records back, but they can help you re-establish a new recording process. Think about the various ways you store records. Then consider the different insurance mechanisms you have for those stores.
Records Coverage
Even though keeping paper records may seem dated, it is still a widely used practice. Doctors can still turn to a paper record whenever computers give problems.
This insurance coverage can help cover the financial aspects of replacing paper records. It may also help with cleanup, disposal, and destruction of damaged or old records.
Cybersecurity Coverage
As medical records migrate to computer databases, they become exposed to a new world of risks. It is hard for doctors to fully protect documents in the cyber world. Cyber threats change every day and come from a million different sources.
If your practice experiences a data breach, private information could become public. Doctors have to do everything they can to get the situation under control as fast as possible. Cybersecurity insurance can help you afford lawyers, damage consultants, and repair help to make sure that data breaches never happen again.
Electronic Data Processing (EDP) Insurance
If you store records on a computer, there is always a chance that a peril could damage the computer and this data. You may lose records because you can no longer access them on a damaged piece of hardware.
This insurance can help you protect your data, its hardware and software from losses. You will likely have an easier time replacing these items should you have this coverage.
We can help you get the cyber liability insurance coverage you need to protect your records. Call us at 914.273.8511 for more information.