LAW FIRM CYBER INSURANCE

LAW FIRM CYBER INSURANCE

LAW FIRM CYBER INSURANCE: aggressive comparison shopping to find you the best coverage and price. Short online application. Fast, free quotes from all “A”-rated cyber insurers that cover law firms.

We’re Lawyers Insurance Group, legal malpractice and law firm cyber insurance brokers.

I. Law Firm Cyber Insurance – Fast Facts

  • Most sole practitioners will pay $500 – $1,000 for a cyber policy. A 2-atty. firm will pay $750 – $1,500, a 3-atty. firm, $1,000 – $2,000, a 4-atty. firm $1,500 – $2,500, etc.
  • The premium is based mainly on your firm’s atty. count, practice areas, cyber security practices, and desired policy limits.
  • Premiums are higher for firms whose practice is perceived by cyber thieves as having more valuable information, i.e., patent, M&A, securities, entertainment, healthcare, etc.
  • The most commonly offered limits are $500,000 per claim and annual aggregate, and $1,000,000 per claim and annual aggregate. Each higher level of limits – $1,500,000/$1,500,000, $2,000,000/$2,000,0000, etc. – costs another 15% or so. Limits of $5,000,000/$5,000,000 are readily available. Higher limits are available from select insurers or in the excess insurance market.

Apply, Quote, Buy:

  • Fill out our short on-line application or download it below.
  • We’ll send your firm’s application to all viable insurers, based on its risk profile (firm size, practice areas, etc.), and request proposals at different limits and deductibles, so you can make the optimal choice.
  • Some insurers allow brokers to input a firm’s application, and receive instant quotes. We’ll email you those insurers’ quotes, shortly after you apply, and advise you if any of them are the best available, or if you’re better off waiting a few days, for the other insurers to offer proposals.
  • We’ll explain the coverage and policy limits, answer your questions, and send you any insurer’s policy to review, if desired.
  • To accept any of the instant quotes, sign the quote sheet that we’ll email you. To accept a proposal from an insurer that doesn’t offer instant quotes, you’ll have to complete its long application to receive a binding quote, which should match the proposal. We’ll fill it out to the extent possible, based on the online application that you completed, and send it to you to finish.
  • If you accept any insurer’s binding quote, your coverage will be in place.
  • Pay the premium in full or finance it (10% down, followed by 11 monthly payments).

Curt Cooper, Managing Broker
(202) 802-6415 | ccooper ‘at’ lawyersinsurer.com
Licensed Insurance Producer in CA, DC, MD, MI, NJ, NY, OH, PA, TX, VA, WA, etc.
National Association of Insurance Commissioners Reg. #1017031

II. Law Firm Cyber Insurance – Request Quotes 

NOTES

• If you filled out an application or premium estimate form for another broker or any insurer, send us that, instead of filling out our form.

• All proposals that we obtain for you are no-cost, no-obligation.

If you accept any of them, then the insurer that offered it will pay us a percentage of the premium as a commission.

That’s our only compensation; we don’t charge any fees.

We thus have every incentive to find you the best terms available in the market.

III. Who We Serve

We place cyber insurance for:

  • New law firms, including solo practices.
  • Established firms of all sizes.
  • Law firms that have had a prior data breach.

IV. Further Reading

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