What’s covered
Experienced a cyber breach?
If you suspect your emails have been compromised contact Lawcover’s Group Cyber Policy Response Team
What does the policy cover?
Subject to policy terms, cover is provided for:
- Crisis management costs and customer notification expenses
- Electronic business interruption and increased cost of working
- Cyber liability to third parties (to the extent these are not covered under other relevant policies)
- Privacy regulatory defence and penalties
- Cyber extortion payments consented to by the insurer
The policy limit for each law practice is $50,000 for all cover under the policy during the period of insurance.
Law practices should consider whether this limit and breadth of cover is sufficient for their individual needs. An insurance broker or professional adviser will assist in making this determination.
Excess based on gross fee income
The applicable excesses under the cyber risk policy are based on each practice’s gross fee income for the last complete year, and range between $nil and $25,000, as shown here.
The cyber risk policy is specific to the risks faced by law practices.
Managing cyber risk is now an integral part of legal practice. How risk-aware (and how risk prepared) are you?
A comprehensive Library of information to keep you informed and aware.