Who is SafeLaw?

BDI Global, LLC d/b/a BigData Insure is a cyber insurance program administrator and MGA based in Chicago, IL. Founded in 2012 by a small team of underwriters, brokers, and claims handling specialists, BDI was formed with the singular purpose of developing cyber risk insurance programs products, underwriting techniques, and loss control services for small to medium-sized enterprises (“SMEs”) and middle market programs.

Before industry-based programs for SMEs, these policies only Fortune 1000 companies had the resources to customize their own cyber risk insurance coverage. They were built around the organization’s unique exposures but we believe that all businesses’ policyholders should have access to cyber risk insurance coverage and loss control services built for the unique cyber exposures attributable to their business activities.

BDI Global, LLC d/b/a/ BigData Insure is very proud to be a Lloyds Coverholder. Lloyd’s is the world’s leading insurance and reinsurance marketplace. Through the collective intelligence and risk-sharing expertise of the market’s underwriters and brokers, Lloyd’s helps to create a braver world.

The Lloyd’s market provides the leadership and insight to anticipate and understand risk, and the knowledge to develop relevant, new and innovative forms of insurance for customers globally. It offers the efficiencies of shared resources and services in a marketplace that covers and shares risks from more than 200 territories, in any industry, at any scale. And it promises a trusted, enduring partnership built on the confidence that Lloyd’s protects what matters most: helping people, businesses and communities to recover in times of need.

Lloyd’s began with a few courageous entrepreneurs in a coffeeshop. Three centuries later, the Lloyd’s market continues that proud tradition, sharing risk in order to protect, build resilience and inspire courage everywhere.

We distribute cyber insurance products in the United States of America, which are underwritten by certain underwriters at Lloyd’s, including Beazley plc, Talbot LTD, and Tokio Marine Kiln. Our core cyber insurance programs, branded as “Safe” programs, are aimed at small to medium sized enterprises (“SMEs”), are 100% underwritten by Beazley plc, and distributed through a limited distribution network of expert broker. As an approved Lloyds Coverholder, we retain delegated authority to underwrite specified cyber insurance programs on behalf of Beazley plc. A summary of our cyber insurance programs follow.

We began developing cyber risk insurance coverage, loss control services, and claims handling for SMEs in a handful of industries including law firms, doctors, and other professionals. Over the past 10 years, we’ve refined our products and services for the segments, industries, and exposures we serve. Today we operate five industry-based cyber insurance programs and numerous other cyber insurance products.

We offer the best possible cyber risk coverage out of 40+ different forms of coverage from other insurers with SafeLaw. Our coverage was created by lawyers and doesn’t squeeze insureds into a “one size fits all” cyber risk profile. Our policy language and accompanying services will illustrate why more law firms purchase SafeLaw over any other cyber risk insurance policy.

SafeLaw

SafeLaw was created to address the cyber exposures of law firms. We began developing SafeLaw in 2012 with the help of lawyers professional liability (“LPL”) underwriters, law firms, and cyber insurance experts. The policy addresses the exposures specific to law firms as well as the coverage overlap with LPL insurance. SafeLaw also incorporates law firm focused loss prevention and control measures as well as unique underwriting based around our view of law firm cyber risks.

SafeHealth

SafeHealth was created to protect small physician practices and medical facilities. SafeHealth was first launched in 2016 with the help of medical professional liability (“MPL”) and cyber insurance experts to provide a wraparound solution for insureds in the healthcare industry. The policy addresses the exposures specific to law firms as well as the coverage overlap with MPL insurance, especially as it relates to HIPAA HITECH and privacy breaches. We also partnered with information security and healthcare risk experts to provide a underwriting and loss prevention/control solutions aimed at small physicians.

SafePro

We created SafePro to expand into professions with exposures that match our appetite. SafePro currently covers approximately 25 professional classes including architects, accountants, construction, consulting, veterinary services and other classes. It was developed to provide a wraparound cyber insurance solution for insureds with standalone errors and omissions (“E&O”) coverage The policy addresses the exposures associated with the delivery of professional services (including electronic delivery of such services) and areas of overlap with E&O insurance. We also partnered with information security experts to provide a streamlined underwriting methodology and loss prevention/control solutions aimed at small professionals.

SafeCommerce

SafeCommerce is our newest cyber insurance product. It was our first product for non-professional classes and was designed cover over 400 types of “Main Street American” businesses. We first created and launched SafeCommerce in 2018 with help from wholesale and affinity brokerages using their insight to provide a streamlined product built around the specific needs of SMEs in selected industries. We also partners with information security experts to provide a streamlined underwriting methodology as well as targeted loss prevention and control solutions aimed at the critical cyber risks faced by SMEs.

SafeLaw is specialized cyber risk program created by lawyers solely to protect law firms from cyber risks. Lawyers are responsible for advising clients on their most troubling and important matters, but that’s not all—lawyers are also trusted to care for and maintain the confidentiality of their clients’ secrets and in many cases law firms are responsible for safeguarding their client’s assets as well. Today, law firms utilize computer systems to provide professional legal services, transact business for clients and store virtually every piece of critical data. These computer systems are accessible to hackers and predators from the outside through the internet, wireless connections, cell phones, and laptops, to name just a few sources. Whether it is business plans, novel designs to be patented, or a clients funds, if a lawyer cannot safeguard their clients’ confidentiality, money and property, the consequences can be dire.

The SafeLaw team is dedicated to protecting your law firm and clients from cyber threats. Generic cyber risk policies are built to cover “privacy” breaches for every industry, but they do a poor job of addressing specialized law firm cyber exposures such as confidentiality breaches, loss of high value client data, fraudulent funds transfers, and system downtime causing loss of billable hours. Likewise, generic cyber risk policies have templated privacy breach response services that don’t contemplate breaches of attorney client privilege, ABA model rules, trust account violations, or ARDC proceedings. SafeLaw was created to protect law firms from cyber risks and it’s more than just insurance–it is a complete protection plan. SafeLaw offers loss prevention and control services that help law firms identify weaknesses in their IT security, and in the event of a claim, SafeLaw can provide immediate assistance to help your firm through a crisis.

Please see our CyberRisk Insurance page for a more information on the coverage and services the SafeLaw team can offer your firm to help protect you and your clients.