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A new clause making it clear what cover will be provided for cyber losses will be added to the minimum terms and conditions of law firms’ professional indemnity insurance (PII) policies.
We have drawn up the addition working closely with both the legal profession and insurers, and it has been submitted to the Legal Services Board (LSB) for final approval. If agreed, it should be in place for any insurance renewals from early 2022 onwards.
We proposed the additional clause following the Prudential Regulation Authority and Lloyd’s of London asking insurers across the UK to make sure they focus on losses arising from cybercrime in all policies, including those written for law firms.
The clause means insurance policies will explicitly mention cover for cybercrime and specify what losses fall within scope for a potential claim. The cover is for client and third-party protection – losses to the law firm (first-party losses), except for certain costs of investigating and defending a claim, are not covered. Firms can choose to purchase a separate cyber policy for other risks.
We ran a public consultation over the summer on the addition of the new clause, followed by further discussions with insurer representatives and the Law Society based on the feedback received. - Read More ...
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Palm City Divorce Lawyers - ohlelaw.com
The family lawyers at Ohle & Ohle, P.A. represent clients throughout Treasure Coast including the cities of Palm City, Port St. Lucie and Stuart. We are experienced in handling various family law cases such as divorce, paternity rights and child support. Call us immediately to schedule a confidential consultation. - Read More ...
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Legal Litigation Malpractice Expert Witness Los Angeles California
Joel Mark, ESQ offers Legal Litigation Malpractice Expert Witness & Consulting located in Los Angeles California (CA). Serving Worldwide Call: (805)701-7731. Mr. Mark also concentrated in trial practice and complex business litigation, including class action matters. With over forty-seven years of business litigation experience, Mr. Mark has handled a wide range of business litigation matters including trademark, trade secret and competitive business practice cases, shareholder dissolution and valuation actions, director and officer liability matters, real estate disputes, general contract and business disputes, banking litigation, and insurance coverage disputes. Mr. Mark has handled over one hundred securities and broker/dealer cases and has represented over eighty attorneys and accountants in malpractice and malicious prosecution cases. Mr. Mark has had in excess of sixty trials to verdict or other contested dispositive outcome, including numerous jury trials. Mr. Mark has handled major arbitration matters before arbitration forums such as the American Arbitration Association and the International Chamber of Commerce Court of Arbitration. Mr. Mark has served as a commercial arbitrator for the American Arbitration Association, the Los Angeles and Ventura County Superior Court panel of arbitrators, and the arbitration panel for the National Association of Securities Dealers (now “”FINRA”). - Read More ...
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