Cyber Liability Insurance is an Increasingly Popular, Almost Necessary Choice for Law Firms
With the increase in data breaches, law firms have started to purchase cyber insurance policies to protect their clients' private data. Insurance Attorney Tom Bentz explains why more law firms are purchasing these types of policies.
"Corporate America has seen a huge increase in the purchase of cyber policies in the last three to five years. Law firms have been slower to follow," Bentz says. "In my experience, it is still not common for law firms to purchase cyber liability coverage. I expect that this will change in the next several years as the potential exposure becomes clearer and the coverage more certain."