Cyber Insurance for solicitors

Cyber Response Insurance for solicitors starting from £364.*

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Did you know in 2018 a poll of law firms showed that approximately 80% have reported cyber phishing attempts in the last year1

Do you have cover in place should your firm suffer a cyber-attack? How would your firm respond to a breach of security?
Specifically designed for Solicitors, Cyber Response Insurance includes a data breach response service to support you in the event of a claim.


Key features of the policy

The QBE Cyber Response Insurance policy provides the following covers as standard:

Data breach legal costs
Covering costs that are associated with dealing with a data protection breach which includes notifying those affected (often within 72 hours) and providing them with ongoing help such as support helplines and credit monitoring

Cyber risk liability
Provides indemnity for any claim and defence costs which arise out of any actual or alleged cyber risk

Online media liability
Provides cover for any media claim and defence costs

Cyber business interruption cover
Covering you for loss of business income incurred by you during the period of reinstatement as a result of a failure by you or service provider to protect against a breach of network

Bricking and data restoration
Provides cover for costs and expenses incurred in repairing, replacing or restoring electronic data and affected hardware.

Costs
Covering costs incurred in engaging with forensic consultants, specialist PR and crisis management services, credit monitoring or identity, and penalty costs (for a maximum period of 12 months). 

QBE’s eRiskHub portal
Get access to QBE’s eRiskHub portal which contains information and technical resources that can assist you in the prevention of network, cyber and privacy losses.


*Based on a firm requiring £100,000 of coverage for all benefits (except cover for Financial Transfer Indemnification & Hacker Financial Crime which is £50,000) with annual revenue of less than £500,000. Premium includes Insurance Premium Tax (IPT). Premium excludes £25 administration fee
1'The cyber threat to UK legal sector' 2018 report, National Cyber Security Centre, www.ncsc.gov.uk/legalthreat
QBE Cyber Response is arranged by Aon UK Limited and underwritten by QBE Insurance (Europe) Limited.
The following products or services are not regulated by the Financial Conduct Authority:
QBE’s eRiskHub provided and facilitated by QBE

Why choose Aon as your insurance broker?


  • You’ll be assigned a dedicated client manager, who will be there to assist you from start to finish
  • Access to specialist cover designed for solicitors
  • Aon is one of the UK’s leading insurance brokers ranked 2nd by Insurance Times in their 2019 report (August 2019)

Frequently asked questions


 

Is there a regulatory requirement to have cover? 

Regulatory exposure is also an important consideration as outlined in Chapter 4: Confidentiality and disclosure, of the outcomes-focused Code of Conduct. Click here  for more information on this from the SRA.

Where can I find more information about cyber-attacks on legal firms and how firms can avoid attacks?

The Law Society’s webpage provides material on how to avoid attacks and brings together useful information and articles on cyber security, click here for more information available from The Law Society.

Important information


The following exclusions apply under the policy:

Any claim, liability, loss or defence costs arising from existing claims 

No cover for Fines, Penalties, Liquidated Damages and contractual penalties other than those covered under Regulatory Defence and Penalty Costs cover

Eligibility

The policy is designed to cater for solicitor firms in England and Wales who are partnerships or incorporated bodies, with a total gross revenue of £20,000,000 or less, who wish to consider protection cover against data & privacy and related cyber exposures such as hacking, loss of information and crisis management, as well as Public Relations cover following a loss.

If your practice does not fit the above criteria, or the limits are insufficient for your requirements, then we would be pleased to discuss alternative options available. If you require more detailed information, please contact us.

Claims

In the event of a claim, please contact QBE.

Notice should be given in writing to:

Plantation Place
30 Fenchurch Street
London, EC3M 3BD
Tel: +44 (0) 20 7105 4000
Fax: +44 (0) 20 7105 4032

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