Thinking About Excess Cyber Coverage?
If you use the internet in any capacity, you and your law firm are targets for a cyber-attack. Cyber-attacks are unwelcome attempts to steal, expose, alter, disable, or destroy information through unauthorized access to computer systems. Cyber insurance provides coverage for lawyers and law firms who may fall victim to a wide range of cyber-attacks.
CLIA administers a Mandatory Cyber insurance program. This product is purchased by each CLIA Subscribing Law Society and provides coverage for their members who were required to be insured by mandatory lawyers’ professional liability insurance at the time of Discovery.
CLIA also provides an optional, enhanced Stand-alone Cyber insurance product which can augment your protection, and provide your firm with robust coverage for it’s potential expenses and lost revenues in the event of a breach or attack. See our Cyber Insurance Overview materials for more information.
The following table outlines the Mandatory Cyber and Stand-Alone Coverages:
*These coverage extensions are available for an additional premium and are purchased in conjunction with Stand Alone Cyber.
See our website for more information, including coverage explanations.
For Alberta lawyers, the Alberta Lawyers Indemnity Association (ALIA) administers a Mandatory Cyber insurance program. However, CLIA also provides an optional, enhanced stand-alone cyber insurance product for Alberta lawyers. See our ALIA Cyber Insurance materials for more information.
Thinking of Applying for Excess Cyber Insurance?
The stand-alone cyber insurance can be purchased in conjunction with the excess liability coverage or on its own. The renewal period is now open until June 30th for existing customers and July 31st for new customers. See How Do I Apply for Excess Coverage? for more information.
Before applying, note the following:
Application process required: Law firms are required to go through an application process for the cyber stand-alone insurance. Law firms applying for insurance must meet certain requirements in order to be eligible for insurance. If the applicant fails any of the underwriting questions, they may still be eligible for cyber insurance but with additional underwriting, or they may not be eligible and will be required to make changes to their IT systems and/or processes. Some of the questions in the application form may require the assistance of your IT department. If you would like the questions in advance, contact cliacyber@ar-services.ca.
Cyber coverage cannot be prorated: If you are a new customer, get your application in by July, 31st as cyber coverage cannot be prorated.