Please Note: The coverage summary below is a general description of coverage provided for illustrative purposes only. Various provisions in the SafeLaw policy restrict coverage. Please read the policy carefully to determine the extent of coverage and refer any questions to your broker.
SafeLaw coverage offers dedicated cyber risk protection created for the unique cyber risks of law firms. The SafeLaw policy was designed to fill gaps in Lawyers Professional Liability insurance and protect law firms from first-party and third-party cyber risk losses including:
- Incident Response Expenses: Covers expenses incurred by the insured following a data breach, ransomware attack, or social engineering event including access to a panel of data breach response experts such as I.T forensics, legal advisors, public relations, victim notification, call center support, credit monitoring and identity theft remediation.
- Confidentiality, Privacy, and Cyber Liability: Covers defense expenses, damages, fines and penalties incurred by the insured due to actual or alleged errors or omissions committed by the insured resulting in:
- failure to prevent a data breach, cyber extortion, ransomware, or social engineering, including any resulting breaches of rights of privacy or confidentiality;
- failure to prevent unauthorized access to or unauthorized use of the insured’s computer system, damage to electronic data, transmission of a computer virus, denial of service attack, or other computer attack.
- violation of any federal, state, local, foreign, or international statutes, rules, and regulations establishing legal obligations with respect to personally identifiable non-public information or confidential information, data breaches, identity and identity theft protection.
- Multimedia Liability: Covers the defense expenses and damages incurred by the insured arising out of actual or alleged errors or omissions committed during the insured’s online or offline publishing, including:
- copyright infringement or trademark infringement;
- invasion of privacy; and
- libel or slander.
- Electronic Data Restoration Expense: Covers the costs to restore or recreate the insured’s data or software that is corrupted or damaged by a computer attack, system failure or voluntary shutdown of the insured’s computer system to mitigate or avoid a claim.
- Business Income Loss and Extra Expense: Covers the insured’s loss of income resulting from a computer disruption caused by a computer attack or a system failure as well a voluntary shutdown of the insured’s computer system to mitigate or avoid a claim. Coverage extends to extra expense incurred by the insured to avoid or minimize income loss resulting from the computer disruption and extended business income loss resulting from a loss of customers due to the computer system disruption
- Reputational Injury: Covers the insured’s loss of income and mitigation expenses arising out of:
- An occurrence of first-party event or wrongful act covered by the policy resulting in an adverse media report, social media exploitation, or phishing attacks.
- A phishing attack committed by a third-party posing as the insured, which is targets the insured’s customers.
- Cyber Theft and Social Engineering: Covers direct financial loss incurred as a direct result of:
- The transfer of money or securities by an insured to a third–party under false pretenses as a result of fraudulent or deceptive payment instructions received by the insured.
- Theft of money or securities from the insured’s bank, escrow, or securities accounts as a result of fraudulent or deceptive transfer instructions received by the bank, escrow, or securities firm from a third-party.
- Fraudulent use of the insured’s computer or telephone system to steal computing resources, money, securities, or other property, including use of the insured’s computer system to induce the insured’s clients or vendors to pay a third-party under false pretenses.
- Cyber Extortion and Ransomware: Covers ransom payments and the insured’s expenses to respond to cyber extortion threats, including ransomware threats, threats to disclose the insured’s confidential information, or threats to otherwise damage the insured’s computer system or data.
- Employee Identity recovery: Covers the cost of credit and identity restoration services, legal expense, lost wages, and out-of-of pocket expense for employees of the insured that are victims of identity theft committed by a third-party.
- Laptop and Device Replacement: Covers the cost to repair or replace the insured’s laptops, tablets, and similar portable computer devices that are intentionally damaged, destroyed, or stolen by a third-party.
Important: The coverage summary above is a general description of coverage provided for illustrative purpose only. Various provisions and exclusions in the policy restrict coverage. Please read the policy carefully to determine the extent of coverage.