Insurance Coverage for Lawyers and Law Firms: What Is Covered under a Cyber Policy and What under an LPL Policy?

December 1, 2016 12:30pm

Linda D. Kornfeld
Kasowitz, Benson, Torres & Friedman LLP

Andrew Lea
SVP, Professional Liability Manager

Salvatore Sama
Head of US Professional Lines Desk
Swiss Re

  • When is each triggered and to what extent these two policies overlap/don’t overlap? If an attorney/law firm only has an LPL policy, is some sort of a cyber insurance included in it, and if so, what does it cover?
  • Potential liability of law firms for failing to adequately protect client data as opposed to a breach generally – to what extent that kind of liability is covered by legal malpractice policies or is cyber liability-type of coverage needed for that?
  • Attorneys wiring money to hackers – is it covered and under what policy?