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Hiscox USA launched a healthcare information privacy protection product designed to address the increasing costs and potential liabilities facing healthcare professionals.

HITECH, the first federal level- breach notification law, puts additional pressure on healthcare professionals when it comes to confidential data. Now all HIPAA covered entities and their business associates must promptly notify individuals if there has been a breach of their confidential data. If it relates to more than 500 individuals, they must also contact the media and health and human services secretary. For companies that share confidential information, HITECH has prompted the renegotiation of contracts to allocate the potential risk from any breach.

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