SafeLaw Coverage Overview

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Please Note: The coverage summary provided below is provided for illustrative purposes only. Various provisions in the policy restrict coverage. Please read the full policy carefully to determine the extent of coverage and contact your broker with any questions.

SafeLaw coverage offers standalone cyber risk protection created for the unique cyber risks of law firms. The SafeLaw policy was designed to work in tandem with Lawyers Prfessional Liability insurance and protect law firms from first-party and third-party cyber risk losses including:

  1. Incident Response Expenses: Covers expenses incurred by the insured organization following a data breach, computer system interruption, ransomware attack, or social engineering eventother computer attack including access to a panel of incident response experts such I.T. forensics, legal advisors, public relations, victim notification, call center support, credit monitoring and identity theft remediation.
  2. Confidentiality, Privacy, and Cyber Liability: Designed to work in tandem (and not conflict) with the insureds Lawyer professional liability policy. Coverage is available on a standalone or difference in conditions basis. The liability protection covers claims expenses, damages, and fines and penalties, which are incurred by the insured due to errors or omissions committed by the insured resulting in:
    1. failure to prevent a data breach, cyber extortion, ransomware, or social engineering loss, including any resulting breaches of rights of privacy or confidentiality; 
    2. 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.
    3. violation of statutes, rules, and regulations establishing legal obligation with respect to personally identifiable non-public information or confidential information, data breaches, identity and identity theft protection.
  3. Multimedia Liability: This insuring agreement was designed to work in tandem with the personal and advertising injury coverage provided by insured’s general liability policy. This liability protection covers the insured’s claims expense and damages arising out of errors or omissions committed during the insured’s publishing activities resulting in allegations of defamation, copyright infringement or trademark infringement, or invasion of rights of privacy or publicity. The scope of coverage extends to online and offline publishing but does not extend to advertising injury including the manufacturing, branding, marketing, advertising, distribution, or sale of the insured organization’s products or services.
  4. Electronic Data Restoration ExpenseCovers the costs to restore or recreate the insured organization’s data or software that is corrupted or damaged by a computer attack, system failure, or a voluntary shutdown of the insured’s computer system to mitigate or avoid a claim.
  5. Business Income Loss and Extra ExpenseCovers the insured organization’s loss of income, brand damage mitigation expense, and public relations expense arising out of:
    1. An otherwise covered claim under the policy resulting in an adverse media report, social media exploitation, or phishing attacks.
    2. A phishing attack committed by a third-party posing as the insured, which targets the insured organization’s customers.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.

  6. Reputational Injury: Covers the insured organization’s loss of income, brand mitigation expense, and public relations expense arising out of:
    1. An otherwise covered claim under the policy resulting in an adverse media report, social media exploitation, or phishing attacks
    2. A phishing attack committed by a third-party posing as the insured, which targets the insured organizations customers.
  7. Cyber Theft and Social Engineering: Covers direct financial loss incurred by the insured as a direct result of:
    1. Transfer of money or securities by an insured in good faither to an unintended third-party under false pretenses due to fraudulent or deceptive electronic instructions received by the insured.
    2. 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.
    3. Unauthorized access to or unauthorized use of the insured organizations computer or telephone system to steal telephone service, computing resources, or bandwidth as well as loss arising out of unauthorized access to or unauthorized use of the insured’s computer system to induce the insured’s clients or vendors to pay a third-party under false pretenses by impersonating the insured organization.
  8. 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.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. 
  9. 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.
  10. 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. 
  11. 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. 
  12. 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 provided above is provided for illustrative purposes only. Various provisions in the policy restrict coverage. Please read the full policy carefully to determine the extent of coverage and contact your broker with any questions.