SafeLaw Coverage Overview

Download Application

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:

  1. Data Breach Response Expense: Coverage for remediation costs the firm incurs following a data breach involving confidential information or personally identifiable information. Covered expenses include the following:
    1. Incident Advisor(s): Costs to hire legal advisors to establish attorney-client privilege, retain a forensic expert, and coordinate the forensic services as well as advise on the applicability and actions necessary to comply with the firm’s ethical, professional and regulatory requirements.
    2. Technical Forensics: Costs to conduct an independent security audit and forensics to identify the source and scope of the data breach;
    3. Public Relations Expense: Costs to hire a public relations firm to avert or mitigate damage to the firm’s reputation;
    4. Notification: cost to notify individuals or organizations of a data breach involving confidential information or personally identifiable information;
    5. Identity Theft Assistance: cost to provide credit monitoring service, identity theft assistance, a help line, identity restoration service, and identity theft insurance to individuals and organizations impacted by a data breach; and
    6. Call Center: cost to establish a crisis communication call center to communicate with victims of a data breach
    7. SafeLaw includes coverage for the remediation costs the firm is legally obligated to pay for and the remediation costs the firm voluntarily elects to incur to mitigate damage to the firms reputation.
  2. Electronic Data Restoration: Covers the cost of forensics, loss mitigation and expenses to recreate or restore the firm’s data, software, or firmware, that is corrupted, lost or damaged due to:
    1. hacker attacks, denial of service attacks, computer viruses, or ransomware;
    2. programming errors, data creation errors, entry errors, or modification errors; or
    3. electrostatic build-up and static electricity; and
    4. errors or omissions resulting in physical damage to the firms electronic storage media;
  3. Business Interruption and Extra Expense: Covers the cost of forensics, loss mitigation expense, loss of income, and extra expense incurred by the firm due to a total or partial interruption of the firm’s computer system, which is caused by
    1. hacker attacks, denial of service attacks, computer viruses, or ransomware;
    2. programming errors, data creation errors, entry errors, or modification errors; or
    3. electrostatic build-up and static electricity; and
    4. errors or omissions resulting in physical damage to the firms electronic storage media;
  4. CyberCrime (Fraud) and Social Engineering: Covers the firm for financial loss due to:
    1. fraudulent funds transfers from the firm’s bank or securities accounts or a client’s bank or securities accounts for which the firm is an authorized custodian as of a result of social engineering; and
    2. fraudulent use of the firm’s computer system to steal the firm’s money, securities or other property.
  5. Extorion and Ransomware: Covers extortion monies and the firm’s expenses to mitigate or terminate cyber extortion threats including:
    1. ransomware threats;
    2. threats to disclose confidential or private information;
    3. threats to direct a denial of service attack (“DDOS”) at the firm’s computer system;
    4. threats to hack or implant a virus in the firm’s computer system’ and
    5. threats to delete, destroy or damage the insured’s electronic data.