Attorney Cyber Liability Insurance
As more and more skilled hackers target websites that may hold valuable information such as names and contact or financial information, it is becoming increasingly important to arm your firm with Cyber Liability Insurance. This specialized coverage can protect your firm from a wide range of data breaches. It is an important tool to have — no matter the size of your firm — and it can cover more than you think.
What Is Cyber Liability Insurance?
Cyber liability insurance primarily responds to claims involving network security or data privacy arising from the disclosure of non-public corporate or personal information. That information is classified as personally-identifiable information (PII) or protected health information (PHI). Though it is becoming increasingly common for electronic devices to be involved, it is not required, making a briefcase with paper records left in a cab included in the coverage.
Cyber Attack Examples
- A cyber extortion threat/ransomware
- Identity theft resulting from lost or stolen client information
- Corruption or destruction of your law firm’s critical data by an employee
- A lawsuit stemming from a security failure that results in damages to your clients’ own networks as through a virus transmission
- Costs related to privacy notification, crisis management, and disaster recovery
What Does Cyber Liability Insurance Cover?
If any of those risks happen to your business, you may lose income, be responsible for the high costs of damages or could even be sued. Cyber liability insurance can protect you from those risks and let you get back to doing business sooner. It protects your business from claims arising from:
- Business interruption
- Network security
- Internet Liability
- Web Content Liability
- Electronic Communications
- Intangible assets
If your company or business is open to cyber liability risks, consider purchasing an additional cyber liability policy. Traditional insurance products such as general liability insurance do not provide coverage against the risks associated with a cyber-attack.
How Does Cyber Liability Insurance Help After A Data Breach?
Once a data breach or privacy incident occurs, immediate expertise may be needed to navigate the complex response landscape. Cyber Liability Insurance provides your firm with the necessary resources to help you mitigate the risk of a data breach or privacy incident as well as assist you in responding quickly when one occurs.
- Breach Coach— Provides 30 minutes of free consultation with an experienced network security and privacy attorney following a breach.
- Incident Road Map— Spells out the steps a company might take in the event of a data breach or privacy loss.
- News Center— Offers up-to-date and relevant network security and privacy news, blogs, risk management events, and informational industry links.
- Learning Center— Features articles and white papers written by industry and legal experts on compliance, network security, privacy, and breach recovery.
- Risk Manager Tools— Provides tools that can help educate companies about the nature, prevalence, and scale of cyber risk, including a risk calculator to help quantify potential exposure to data breaches and maps of all state breach notice laws and data breach research tools.
- Risk Resources Directory— Links to external resources with expertise in pre- and post-breach practices.
If the above aren’t included in your current insurance, call us today at 800-686-8080 for help ensuring your firm will survive a cyberattack swiftly and with your reputation intact.