Lancet Indemnity is proud to provide E-Med Defense coverage for all of our insureds as part of our standard policy provisions.
In today’s world, the possibility of becoming a victim of cyber crimes is more prevalent than ever. As the medical industry is becoming more dependent on electronic data, Lancet is committed to protecting its policyholders from liabilities arising from the theft, loss or accidental transmission of their patients’ confidential information.
Network Security and Privacy Insurance (Up to $50,000)
Lancet will pay, on behalf of the insured, the loss and defense costs the insured becomes legally obligated to pay as a result of a claim for a network security wrongful act or privacy wrongful act.
Regulatory Proceedings Insurance (Up to $50,000)
Lancet will reimburse the insured for defense costs, audit expenses and/or regulatory fines and penalties incurred by the insured as a result of regulatory proceedings brought against the insured by a governmental agency.
Patient Notification and Credit Monitoring Cost Insurance (Up to $50,000)
Lancet will pay cost associated with patient notification and credit monitoring costs due to a claim for privacy wrongful acts.
Data Recovery Cost Insurance (Up to 5,000)
Lancet will pay data recovery costs incurred by the insured due to a claim for a data interference act.