Today, Attorneys are far more likely to have a Cyber Breach than ever before. Cyber criminals have realized that law firms have access to PHI, PCI and PII all in one location and in most cases with subpar online security. Legal practices are subject to various federal and state laws that determine how sensitive data must be handled. There is also an ethical duty of competence and confidentiality that require law firms to secure sensitive data. Many states have enacted data breach notification laws that apply to law firms in the event of a data breach. Without a breach response plan these requirements are virtually impossible to comply with. A firm’s failure to comply with state notification laws can result in costly litigation, fines, the loss of client business and reputational harm.
Unauthorized release of confidential information
Violation of a person’s rights to privacy
Personal injury in an electronic/social media environment
Intellectual property infringement
Violations of state and federal privacy laws
We have also added a section for theft of senior executives’ personal funds. As stated, this must be tied to a compromise of the insured’s network. This is a great benefit for senior law partners.
Also included with this cyber insurance program is access to Cyber Risk Management Services including: Cyber risk awareness trainings, Breach Alerts, Cyber Awareness Videos, Incident Response Plan Builders, and the ability to send phishing emails to your employees to see who is clicking on them and help provide education. These services are included at no additional cost.
Rates not applicable to Title and Real Estate Firms. Pricing will be group rated but there are additional questions in the application for final pricing.