As of today, CFC’s eHealth insurance product will be available to digital healthcare organisations in the UK. Launched initially in the US, the policy is tailored specifically to businesses operating in the digital health sector.

CFC’s policy provides affirmative cover for bodily injury arising from both the advice provided by companies and practitioners as well as bodily injury arising from technology failures and cyber events.

Healthcare team leader at the underwriter, Timothy Boyce said the policy has been popular in the US among traditional healthcare providers adopting technology as part of day-to-day patient care, as well as technology platforms themselves.

“Digital healthcare companies have found themselves in a grey area where affirmative cover is foggy; malpractice policy triggers are fairly static and cyber policies exclude bodily injury,” Boyce said.

As expected, the underwriter’s cyber and privacy cover is included in the new policy as standard, and the policy also provides cover for technology E&O, breach of contract, and for wearables and self-monitoring healthcare devices, plus cover for failure to perform.

The digital healthcare market is expected to reach over US$220 billion by 2023. Three of the most prominent sectors of digital health include telemedicine, artificial intelligence tools like chatbots and mobile health apps. Government-backed digital health initiatives are also gaining steam around the world – for example, in the UK the NHS recently pledged to make digital healthcare ‘mainstream’ within ten years as part of its Long Term Plan.

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