Between 2016 and 2019 the Solicitors Regulation Authority received 458 reports of cybercrime incidents*
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 notification costs cover
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.
Credit monitoring costs cover
Payment for credit monitoring services in order to comply with data breach law.
Regulatory defence and penalty costs cover
Payment of legally obliged amounts as a result of a civil regulatory action, regulatory compensatory award, civil penalty, or fines (to the extent insurable by law), imposed by a government or public authority regulator.
Cyber risk liability
- Provides indemnity for any claim and defence costs which arise out of any actual or alleged cyber risk
- Provides cover for any media claim and defence costs as a result of a hacker
- Costs to withdraw or alter images or website content as a result of a court order or to mitigate a claim
- Costs to replace or restore documents lost damaged or destroyed
Cyber business interruption cover
Covering you for loss of business income incurred by you during the period of reinstatement because of a failure by you or service provider to protect against a breach of network
Information and communication asset rectification costs cover
Provides cover for costs and expenses incurred in repairing, replacing or restoring electronic data and affected hardware.
Forensic costs and Public relations cover
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).
Cyber Extortion cover
Payment for expenses incurred by the insured including the value of any ransom paid by the insured for the purpose of terminating a cyber-extortion threat.
QBE Cyber Response is arranged by Aon UK Limited and underwritten by QBE Insurance (Europe) Limited.
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 insurance cover designed for solicitors
- Aon is one of the UK’s leading insurance brokers ranked 4th by Insurance Times in their 2021 report (September 2021)
Frequently asked questions
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.
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
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.
In the event of a claim, please contact QBE.
Notice should be given in writing to:
30 Fenchurch Street
London, EC3M 3BD
Tel: +44 (0) 20 7105 4000
Fax: +44 (0) 20 7105 4032