New York, November 7, 2022 /PRNewswire/ — To help law firms minimize the high financial costs and reputational risks associated with potential cyber incidents, AXA XL added: cyber suitecyber and security insurance coverage as an option in the Attorney’s Errors and Omissions (E&O) insurance program.
according to dwayne johnsonLawyers’ Professional Liability business Underwriting Manager said: Incidents can seriously undermine everything a law firm has worked so hard to build. cyber suite Coverage that helps clients address today’s emerging online and technology-driven business exposures.”
available in AXA XL Attorney Professional Responsibility Policy, cyber suite We assist law firms affected by data breaches and other cyber crimes. Available coverage is as follows:
- Data breach response cost – Cover resources for responding to privacy breaches
- computer attack – Cover resources to respond to computer attacks
- cyber blackmail Respond to Extortion Threats
- wrong payment scam – provide refunds of amounts fraudulently obtained from the insured as a result of fraudulent transfer
- computer scam – provide reimbursement of amounts fraudulently obtained from the insured as a result of computer fraud incidents;
- data breach liability – Extend protection to pay defense and settlement costs in the event of litigation related to personal information breaches
AXA XL’s E&O insurance protects professional individuals and businesses against actual or alleged mistakes, errors, omissions, negligence or failures in providing advice or services to clients.
About AXA XL
AXA’s General Insurance and Special Risk division, AXA XL, provides insurance and risk management products and services to mid-sized businesses to large multinationals, and provides reinsurance solutions to insurers around the world. doing. We partner with those who move the world forward. For more information, please visit the following URL: www.axaxl.com
About AXA XL Insurance
AXA XL Insurance provides property and casualty, professional, financial and professional insurance solutions worldwide for medium-sized businesses to large multinationals. We partner with those who move the world forward. For more information, please visit the following URL: www.axaxl.com
Sauce AXA XL