CyBar ExamCyber Liability Quote
In an age where a stolen laptop or hacked network can instantly compromise the personal data of all your clients, protecting your firm from cyber liability is just as important as protecting yourself from some of the more traditional exposures. Cyberrisks and data breaches are most likely not covered under your legal professional liability or general liability policies.
How can cyber liability insurance protect you?
Use the yellow hot spots and explore how cyber liability insurance can help protect against common risks.
Cyber liability insurance is specifically designed to address the risks that come with using modern technology. The level of coverage your law firm needs is based on your individual operations and can vary depending on your range of exposure.
If your law firm experiences a data breach, you have a responsibility, and are sometimes legally obligated, to report the breach to your clients. This can damage both your finances and your relationships with your clients. Cyber liability coverage may cover the costs of notifying the people or institutions affected as well as any lost income resulting from the data breach.
What Your Cyber Policy Should Cover
- First party coverage: Covers your own data or lost income after a data breach.
- Third party coverage: Covers your liability to clients or government/regulatory entities.
- Confidential information: Covers data when it is under the care, protection or control of third parties (the copy center you use, IT support services, etc.).
- Unencrypted devices: Protects laptops and other devices from easy access if they are stolen.
- Data restoration: Covers the work hours and money needed to regain your lost data.
- Coverage for corporate clients: Covers liabilities for your clients that are companies, corporations, or partnerships, as well as the people who work for these entities.
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