Expanded cyber liability coverage

April 15, 2021

Cyber threats — including data breaches and ransomware attacks — require urgent attention and can quickly become catastrophic for your practice if not dealt with decidedly. Cyber liability coverage helps your practice survive these incidents by covering losses from cyber-related events. This coverage is included with every TMLT and LSA medical liability policy.

On July 1, 2021, we are expanding and updating our cyber liability coverage. These updates represent a more proactive approach when it comes to managing and defending cyber claims.

  • TMLT and LSA have partnered with Corvus Insurance — an insurance technology firm — to provide this coverage. Corvus uses machine learning and other tech to help predict and prevent cyber claims.
  • Using Corvus technology, we can individually assess your practice’s online presence and reach out to you about any cyber vulnerabilities. Think of it as a practice review for your systems. (More on this coming soon.)
  • If you experience a cyber event, you will work with the Corvus breach response team to help resolve the incident and their claim handling team to help recover damages.
  • There is no increased premium cost for this coverage; but effective July 1, 2021, there will be a $2,500 per event deductible for cyber claims.
  • Limits on cyber coverage remain $100,000/$100,000 ($100,000/$500,000 for entities). If you would like  higher limits, you will be able to request a quote and purchase these limits through a secure website (available soon).
  • For dentists covered under LSA, the limits are $50,000 per claim/$50,000 per policy period.

If you are a policyholder, the changes will be automatically applied to your account at renewal. You will receive details about these policy updates with your policy renewal materials.

For more information about our partnership with Corvus Insurance, please tune in to our Cyber Insurance Update webinar on Tuesday, May 25.

Questions? Please contact the customer service team at 800-580-8658 ext. 5050 or customerservice@tmlt.org.


📖 More about our current cyber liability coverage
💡 Corvus cyber liability coverage FAQs
💳 Request a quote for higher Corvus cyber liability limits (coming soon)
📁 Corvus: Cyber claim scenarios
🔎 Corvus: The Corvus Scan
💻 Corvus: Ransomware Factors

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Corvus cyber coverage FAQs
Corvus cyber coverage FAQs

FAQs about updates to TMLT and LSA cyber liability coverage that take affect after July 1, 2021

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