Have you been requested by the Colorado Department of Human Services to purchase Privacy Insurance?
Cyber Data Risk Managers LLC can help Colorado Business Associates, Contractors and Subcontractors with their contract requirements as we are "Privacy Insurance" experts.
Effective July 1, 2013, the contract for Colorado State Funded Programs for Individuals with Developmental Disabilities for Business Associates, Contractors and Subcontractors is requiring that "Privacy Insurance" be obtained in order to fulfill contract requirements.
Colorado Business Associates, Contractors and its applicable subcontractors that participate in the Colorado State Funded Programs for Individuals with Developmental Disabilities must obtain and maintain during the term of their contract "privacy insurance" covering all loss of Protected Health Information (PHI) data and claims based upon alleged violations of privacy rights through improper use or disclosure of Protected Health Information (PHI) with minimum annual limits as follows:
1. Colorado contractors with 10 or less clients and revenues of $250,000 or less shall maintain limits on "Privacy Insurance" of not less than $50,000.
2. Colorado contractors with 25 or less clients and revenues of $500,000 or less shall maintain limits on "Privacy Insurance" of not less than $100,000.
3. Colorado contractors with more than 25 clients and revenues of more than $500,000 shall maintain limits on "Privacy Insurance" of not less than $1,000,000.
This provision modifies and takes precedence over any conflicting requirements in the Contract General Provisions relative to privacy insurance coverage by Contractor.
Let our Experienced Privacy Insurance Experts Help
Our privacy insurance experts can help your Colorado practice or organization fulfill its contract requirements in time for the July 1st deadline.
Please contact us today at (855) CUT-RISK (288-7475) or visit www.DataPrivacyInsurance.com to start your application.
About Cyber Data Risk Managers LLC:
Cyber Data Risk Managers LLC is an Independent Insurance Broker that specializes in Data Privacy and Cyber Liability risk insurance. The team at Cyber Data-Risk Managers LLC is dedicated to helping businesses and organizations find the right insurance policy for their needs, helping compare multiple insurance proposals and determining which insurance carrier and insurance policy may work best.