Monthly ArchiveOctober 2019

Health Care

Most Vulnerable Data of Home Health Care Providers

Similar to other healthcare companies, home health care providers must adhere to HIPAA guidelines which require they protect patient data. However, hackers constantly present a problem by stealing data on the business’ servers. Here is a list of the most vulnerable data hackers are after.

Payment Information

Many patients use insurance to pay for their home health care. A hacker can take that information and fraudulently bill the insurance company. Credit cards, bank account information and health savings accounts are also vulnerable to theft.

Personal Information

A patient’s personal information is often contained in a server for access on mobile devices by clinicians attending to patients in their homes. This information includes their name, DOB, SSN and address which are prime targets for hackers. They can use the information for fraud and identity theft.

Health Records

The majority of people are not interested in others knowing about their detailed health histories and issues. This information can help hackers better target their fraudulent claims for lower rates of denial. As seen on Manchester Specialty Insurance, stiff penalties are common after home health data breaches.

Home health care providers need an effective security plan to protect the data of their patients. In addition to HIPAA violations, data breaches can bring forth lawsuits from patients whose data was stolen.

Huntersure LLC

Understanding Miscellaneous Professional Liability Insurance

If you own or manage a company that provides professional services, it’s essential to make sure you have the right level of insurance coverage. One type of insurance you may want to have is Miscellaneous Professional Liability insurance. This type of coverage can help reduce the financial consequences of errors or omissions that occur when you provide services to your clients.

The Basics of MPL Coverage

You may wonder exactly what is MPL insurance? In essence, this type of coverage can help protect your company if there are allegations or lawsuits based on problems with the services you provide. For example, some circumstances that MPL insurance may cover include lawsuit claims that your company failed to meet service deadlines, misrepresented the services offered or made errors during service contracts.

MPL Client Industries

You may consider obtaining MPL insurance no matter what type of services your company provides, but this type of coverage is especially common in certain industries. The insurance firm Huntersure LLC states that MPL insurance may work well for certain professionals: property managers, real estate agents, consultants, bookkeepers, travel agents, and publishers.
Having the right insurance coverage for your company can help protect your financial assets if there is a lawsuit or other legal action. If your company provides professional services, you may want to consider getting MPL coverage that can help offset liability issues related to errors, omissions, and failures that occur during service contracts.