OneBeacon Professional Insurance (OBPI) has expand its professional liability coverage for lawyers to include network security and privacy (NSP) liability coverage.
The company will offer the NSP coverage two ways. Insureds will be able to add it as an endorsement or purchase the coverage as a standalone policy.
“Information systems are the lifeblood of today’s law firms, and protecting those systems, which can contain high-value data such as litigation information, intellectual property, client data, trade secrets and personally identifiable information, is critical,” said Kim Noble, senior vice president for OBPI’s lawyers professional liability division.
When added to OBPI’s lawyers policy, the NSP endorsement will provide coverage in the event of a data breach for certain expenses incurred for first-party notification or public relations efforts to minimize damage to a firm’s reputation.
As a standalone policy, the coverage can include: breach consultation services, network security liability, privacy liability, website media occurrence liability, business interruption, breach notification, a management expenses sublimit and more.
The Farmington, Conn.-based OBPI is a member of the Bermuda-domiciled OneBeacon Insurance Group. OBPI offers lawyers professional liability for firms of two to 150 attorneys with standard aggregate limits of $5 million.
Was this article valuable?
Here are more articles you may enjoy.