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Regulatory and cyber (e-MD) liability resources

Coverage for the 14 different regulatory and cyber electronic media (e-MD) exposures is included in OMIC’s standard professional liability policy at no additional premium, subject to a per policy period sublimit of $100,000 per claim and in the aggregate. The sublimit for disciplinary proceedings related to direct patient treatment is $25,000. For a list and description of all 14 additional benefits included in your OMIC policy, visit www.omic.com/policyholder/benefits/.

On the policyholder benefits page you will find information under the following categories:

1. Billing Errors (“Fraud and Abuse”) Allegations
2. HIPAA/HITECH Privacy Violations
3. Other Regulatory Exposures (DEA, Stark Act, EMTALA investigations)
4. Licensure Actions
5. Disciplinary Proceedings
6. Cyber Liability and Network Vulnerabilities (e-MD)

With the move to electronic medical records, HIPAA and HITECH exposures related to cyber and electronic media breaches have increased for ophthalmic practices. Practices are also subject to a wide variety of potential losses as a result of network vulnerabilities, including damage to, or loss of, data. To assist policyholders, OMIC now has a dedicated web page devoted to cyber liability exposures. Visit the risk management section of OMIC’s website for articles, tools, links, and loss prevention resources.

Exclusively for policyholders

OMIC launched a Cyber Liability Risk Management Portal in 2014. Go to www.omic.com/risk-management/ for links to state-specific regulations, sample templates and protocols, employee notices and guidebooks, compliance plans, and coverage information. You must register or log in to MyOMIC services online to access the portal. The process is easy and takes just a few minutes. For live assistance, please contact the policyholder risk management hotline at 800.562.6642 (press 4) or email a risk manager at riskmanagement@omic.com.