December 15, 2011

 

 AVMA PLIT announces insurance for data breaches

posted November 30, 2011
 

The AVMA PLIT announced in October that it is now making available insurance coverage for data breaches, a relatively new offering in the marketplace.

The Trust, which provides professional liability insurance for veterinarians, defines a data breach as an event in which personally identifiable information in electronic or paper format is at risk of exposure.

Data breaches include loss, theft, accidental release, or accidental publication of personally identifiable information. Such information includes full names, Social Security numbers, bank account numbers, email addresses, driver's license numbers, and credit and debit card numbers.

Insurance for data breaches provides coverage for legal and forensic services, public relations and crisis management, notification expenses, and defense and liability expenses. Preventive risk management resources also are available.

Coverage for data breaches is available through PLIT-sponsored business insurance carriers as an endorsement to a package policy or as a stand-alone policy.