PRS Launches New Network Security Policy For Senior Living Facilities

New Cyber / Data Liability Program for Nursing Homes and Long-Term Care Facilities: CareNet Security by Professional Risk Solutions

[Warren, NJ 9/30/13]  Professional Risk Solutions (PRS) today launched a specialized Cyber and Network Security program that is custom-designed for the unique data liability risks of firms in the extended care industry, from nursing homes to assisted living and similar facilities.

The custom CareNet solution offers care facilities well-crafted protection against liabilities for data breaches, identity theft, HIPAA violations, and other security issues — which are never addressed by conventional liability insurance, yet are often more common than slip-and-fall claims.

“We created this all-new program for two compelling reasons,” said De’Andre Salter, President of PRS. “Today’s care facilities maintain a great deal of highly sensitive data, from medical records to dates of birth and bank account numbers. If that data is ever compromised or stolen, the firm could face staggering fines and penalties under HIPAA and various state regulations, as well as lawsuits and onerous costs.”

“Second, while generic Cyber/Network Security policies can be useful, they don’t address the specific operations and types of information involved in extended care. The CareNet program is rated specifically for this industry, underwritten individually, and includes more knowledgeable loss control support.”

The new PRS offering, underwritten and provided through Lloyds of London, is available as of October 1, 2013.  Applications are available online at the PRS website: www.prsbrokers.com/carenet/

In addition, PRS also offers a downloadable .pdf article detailing the specific exposures and data security risks faced by extended care facilities. It is available for download on the PRS website homepage: www.prsbrokers.com

PRS, Professional Risk Solutions, based in Warren, NJ, is a wholesale specialty brokerage focusing on professional liability, including D&O, E&O, cyber liability, fiduciary, and related coverages. With offices in New Jersey, Pennsylvania, and Florida, PRS serves commercial agents and brokers across the US.

Contact Information:

De’Andre Salter: deandre@prsbrokers.com

web: www.prsbrokers.com

 

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