Lawyers Cyber Risk Coverage Highlights
This is a general description of the coverages available to you through ARC/TBC and our
insurance company partners. Your coverage may differ and you should consult your policy for
- Third Party Liability Coverage - Covers legal liability arising out of the following:
- Unauthorized access, unauthorized use, unauthorized disclosure or theft of
private consumer information or confidential business information or other
sensitive legal or client information occurring at the company or at a company
vendor. Coverage extends to the unique liability law firms face for breach of
confidentiality and losses arising out of the intentional or accidental disclosure of
- Cyber Terrorism, Extortion or Espionage;
- Transmission of a computer attack or computer virus to others due to misuse of
the company’s computer system; and
- Misuse of the company’s computer system, web site, email, social networking or
other electronic communications resulting in harm to others.
Coverage is designed to address the downstream liabilities law firms are exposed to when
confidential client information is maliciously or accidentally disclosed or destroyed.
Coverage extends to civil and regulatory defense costs as well as compensatory damages,
punitive damages, fines and penalties for accidental, intentional or malicious acts of third
parties, company employees or company vendors.
- First Party Property, Expense & Income – Covers direct financial and consequential
losses arising out of the following:
- Data Damage – Covers the cost to rebuild, reconstruct or reengineer electronic
data following a computer virus, hacker, denial of service, cyber terrorism,
cyber extortion, cyber espionage or other computer attack that alters, damages,
or destroys electronic data. Coverage extends to costs of computer forensics
following a loss;
- Business Income & Extra Expense – Cover’s loss of revenue and extra expense
following a computer virus, hacker, denial of service cyber terrorism, extortion,
espionage other computer attack that alters, damages, or destroys the company’s
electronic data resulting in a loss of income. Coverage is designed to address
the unique extra and expediting expenses as well as income loss that can occur
when confidential legal information is disclosed or destroyed. Coverage also
extends to: (1) computer forensic expenses; (2) forensic accounting expenses; (3)
expediting and extra expense; (4) dependent business income; and (5) extended
business income loss.
- Crime – Covers theft of money and securities by others from the company
using computer systems. Coverage can extend to intentional acts of company
employees, third parties and company’s vendors.
- Extortion – Covers threats to (1) damage the company’s computer system;
(2) disclose the company’s private or confidential information; (3) damage
the company’s electronic data; and (4) interrupt the company’s electronic
- Crisis Management – Covers (1) Public relations expenses; (2) Breach
notification expenses; and (3) Credit monitoring and identity theft services
following an event otherwise covered by the policy including a virus, hacker
attack, or disclosure of confidential / private information.