Cyber Insurance for Law Firms

Low-cost, no-fuss coverage added to your malpractice policy.

Offered exclusively as an addition to ALPS lawyers' malpractice insurance (LPL), it's easy to add this separate policy for as low as $65 per attorney.

Provided through Beazley Group USA, take comfort in a 360° approach with solutions designed for lawyers.

Get higher limits with a stand-alone policy.

Our stand-alone cyber insurance program is designed for small law firms. 

It delivers coverage for a wide range of cyber incidents, including email scams, ransomware attacks, social engineering, and more. 

The average cost of cyber claim for a small business, like a solo or small law firm, may range $50,000 to several million dollars. That being said, there’s no one-size-fits-all number in terms of how much cyber coverage your law firm should carry. However here’s a practical approach to looking at your firm’s specific needs:

1. Assess your data risk profile
   • How much sensitive data do you store?
   • What would it cost to notify all affected clients? (Breach notification can be $20–$40 per record on average.)
   • Do you store financial account info, health data, or trade secrets (which carry higher compliance penalties)?
2. Estimate potential downtime costs
   • Calculate the loss of billable hours if your systems were down for 1–2 weeks.
   • Add in the cost of temporary workarounds and staff overtime.
3. Consider contractual and client requirements
   • Some corporate clients require law firms to maintain certain cyber insurance limits as part of engagement agreements.
4. Review your network security posture
   • Firms with weaker cybersecurity may face higher premiums but also greater risk exposure.
   • Insurers sometimes offer policy limits that align with your demonstrated security controls.

Should Lawyers Carry Cyber Liability Insurance?

If your firm stores data online, yes, you will benefit from the protection that is offered through cyber security insurance. 

Every single day, law firms face an untold number of cyber risks. From mistakenly opened phishing emails to visits to malicious websites that install dangerous software on any device, law firms are prime targets for cybercriminals. Safeguarding your electronic data and protecting your firm — and your clients' data — is an integral part of a risk mitigation strategy. If that information is compromised, your reputation and your livelihood can be at risk.

A strong cyber policy will not only provide for liability associated with any breach, but it will also provide you with expertise in the service required to respond to that breach. That expertise should include professional handling on resolving the breach, and help in meeting the specific notification protocols to individuals involved in the theft of personally identifiable information.

A cyber attack can be scary - but working with an insurance professional who specializes in law firm coverages can reduce some of that stress and let you breathe a little bit easier.