Cyber Liability Insurance for NAICS 541110

Ranked reasons a business in NAICS 541110, Offices of Lawyers, needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.

1. 01

   Client confidences are an ethical duty, not a business preference.

   • Bar rules require reasonable efforts to prevent disclosure of client information.
   • You must tell clients when their matter has been breached.
   • Privileged material seen by an adversary cannot be made privileged again.

   ASK

   Do you store privileged client files on systems connected to the internet?

2. 02

   Your trust account holds other people's money.

   • Trust accounts require segregation, monthly reconciliation, and no commingling.
   • Closing and settlement disbursements move six figures on emailed instructions.
   • A shortfall must be restored from firm funds that day.

   ASK

   How are wire instructions verified before funds leave your trust account?

3. 03

   A limitation period does not pause for an outage.

   • Filing deadlines are set by statute and rule, not by your calendar.
   • Electronic filing, document management, and the docket run on one network.
   • A missed limitation date cannot be cured by any later filing.

   ASK

   Is your limitations calendar backed up outside your case management system?