TLIE Adds Cyber Coverage for Most Insureds
Every lawyer and law firm employee today depends on computers to do their job. Law firm records, work-product and client information are all stored on computers and across networks, and transactions are commonly conducted electronically. Computer technology has improved the delivery of legal services in many ways, but not without increased risk – specifically cyber risk.
A cyber breach via hack or virus can cause additional expenses to a law firm such as replacing hardware and/or software, notifying clients and others about the breach, loss of billable hours and other expenses to return the firm to normal operations. The firm’s property insurance may provide coverage in the event of physical damage to computer equipment, but specialized cyber security coverage often provides the much broader protection needed to cover the ever-increasing cyber risks faced by law firms today.
TLIE has partnered with NAS Insurance to provide its insureds with a cyber risk solution custom-built for legal professionals and designed to work with the liability coverage provided by the TLIE policy. Beginning with policies effective October 1, 2017, most TLIE insureds now receive $50,000 per claim in first party cyber security protection from NAS Insurance, a recognized leader in cyber risk management, including:
- Breach Response Costs
- Notification & Remediation Expenses
- Cyber Ransom & Extortion Coverage
- Network Asset Protection
- Online Prevention Training
- Cyber Emergency Help Line
Higher limits of cyber coverage are also available under a separate policy from NAS for an additional premium. Please call us at 1-800-252-9332, or email us at info@tlpia.com, if you would like a quote for additional cyber coverage or if you have any questions or comments.
