In today's technologically-driven, any business that depends on technology in any part of its business may experience disruption involving both corporate confidential information and sensitive customer/employee information from a cyber attack or incident. They may also be faced with regulatory scrutiny under various personal data protection acts which may have an adverse impact on their business operations and reputation.

As physiotherapists holding personal information and also sensitive medical information relating to their patients, this may result in a liability that may have a grave financial impact on the individual business’ revenue and reputation. This exposes a physiotherapist to potential legal actions from third parties (regulators and patients, etc.) which requires the preparation of information or reports prepared by professionals which from lawyers to forensic IT.

A Cyber Risk Insurance policy provides the following benefits in the event of a cyber-attack:

1. Defence Costs
2. Settlement
3. Rectification Costs
4. Notification Costs

As part of the exclusive Medical Malpractice Insurance scheme for SPA members, you have the option to purchase the Cyber Risk cover to provide you the protection in the event of a cyber incident.

The above are highlights of policy coverage and for illustrative purposes. Please refer to actual policy terms and conditions for details coverage and exclusions applicable to the policies mentioned.