The threat of attack on online business systems is on the rise and cyber-criminals are becoming increasingly resourceful.
The risks to law firms are significant in that cyber-crime can provide access to your clients’ money, as well as highly sensitive information. Breaches could also damage your reputation.
It is widely accepted that the market has not been tested for cyber related claims. Many law firms are concerned as to whether their professional indemnity policies (PI) give them appropriate cover.
Albion Legal’s cyber liability insurance is designed to cover the cyber risks your law firm faces and has been specifically designed complement your other insurance policies.
Law firms must stay vigilant and ensure that they have effective insurance in place to protect them against computer fraud, criminal harvesting of crucial data, harmful malware and cyber extortion.
Other insurances such as your office policy are unlikely to cover business interruption either, as generally this is triggered by a physical event (e.g. a fire or theft) rather than non-material damage such as a cyber breach or hack.
To find out more about Albion Legal’s Cyber Liability Insurance Get in touch today