TAMPA, Fla. (PRWEB) August 25, 2020
The Professional Protector Plan® for Dentists (PPP), a division of Protector Plans, has partnered with CyberScout, an industry leader in cyber risk protection and incident response services, to provide their dental insureds with award-winning data breach services to help protect their practices and patients from the risks and repercussions of data breach incidents. These data breach services are underwritten by Aspen American Insurance Company (“AAIC”), a subsidiary of Aspen Insurance Holdings Limited. The risk to dentists and patients is troubling; the cost of a healthcare data breach averages $400 per compromised patient record, resulting in data breach recovery costs that can easily imperil the financial viability of a dental practice. The threat is equally as concerning for patients, who would face the stress and costs associated with potentially becoming victims of identity theft.
“Hospitals, healthcare systems and small and medium size medical and dental practices have long been attractive cyber targets because they hold valuable electronic health record data and payment information,” said CyberScout Chief Executive Officer Jennifer Leuer. “Dental practices of all sizes maintain large amounts of private personal information including names, addresses, health history, birthdates, social security numbers and other data that must be safely stored and protected as the cyber-attack surface of dental practices has grown.”
Effective 8/1/2020, PPP cyber endorsements will be serviced through CyberScout. The program affords valuable pre-breach education services to help defend against a privacy data breach and provides expert guidance and support when one occurs. CyberScout was selected due to its expertise at mitigating losses for ransomware and data breaches, forensic investigation expertise and ability to respond to patient health information safety threats and HIPAA regulations.
The PPP cyber endorsement is offered by Aspen American Insurance Company and includes basic limits with higher limit options for dentists available. Aspen maintains a rating of “A” (“Excellent”) by A.M. Best Company Inc. Dentists will not only benefit from the quality cyber coverage, but comprehensive risk management resources as well.
“We are extremely excited about our partnership with CyberScout. The valuable data breach services they deliver to our insureds, both pre- and post-loss, will greatly enhance the cyber coverages we provide to our dentists and assist them in making sound decisions concerning the management and protection of their patient data,” said Brian Tucker, Aspen Insurance Senior Vice President of Medical Professional Liability.
A trailblazer in the dental market since 1969, the PPP program includes comprehensive insurance solutions, risk management benefits and claims services. Proven to be a recognized leader within the industry, 19 state and local Dental Associations across the country currently recommend the PPP. The program is made available by exclusive agents across the U.S. who specialize in dental malpractice insurance with an average tenure of 21 years with the PPP program.
About Professional Protector Plan for Dentists®
Through their network of specialized agents, the PPP has been serving dentists nationwide since 1969. This comprehensive insurance program was developed specifically for the dental practice. The plan is offered in all 50 states plus District of Columbia, Puerto Rico and the Virgin Islands. The Professional Protector Plan for Dentists® is a division of Protector Plans, a wholly-owned subsidiary of Brown & Brown, Inc. For more information on the insurance products for dentists and risk management services the PPP has to offer, visit our website at protectorplan.com.
Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, providing risk management solutions to individuals and businesses. With more than 80 years of proven success and thousands of teammates, we offer knowledge you can trust and strive to deliver superior customer service. For more information, please visit bbinsurance.com.
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Singapore, Switzerland, the United Kingdom and the United States. For the year ended December 31, 2019, Aspen reported $12.6 billion in total assets, $7.0 billion in gross reserves, $2.7 billion in total shareholders’ equity and $3.4 billion in gross written premiums. Aspen's operating subsidiaries have been assigned a rating of “A-” by Standard & Poor’s Financial Services LLC, an “A” (“Excellent”) by A.M. Best Company Inc. and an “A3” by Moody’s Investors Service, Inc. For more information about Aspen, please visit http://www.aspen.co.