CHICAGO, March 15, 2017 /PRNewswire/ -- CNA today announced it has launched a new Lawyers' Data Breach and Network Security Endorsement. The new endorsement is available as part of CNA's Lawyers' Professional Liability (LPL) policy.
"The Federal Bureau of Investigation has warned law firms that they are a major target of hackers," said Michael Furlong, Esq., Vice President, Underwriting, CNA Lawyers' Professional Liability Program. "CNA has responded to the increasing pressures of protecting sensitive data by creating this endorsement, which affords small law firms competitive insurance coverage for cyber-related events."
The CNA LPL policy provides coverage for client network damage claims up to the policy limit, as well as coverage up to $20,000 for certain costs associated with regulatory investigations arising from actual or alleged violations of privacy breach notice laws that occurred in the rendering of legal services.
For law firms with five or fewer attorneys, the Lawyers' Data Breach and Network Security Endorsement covers:
- Network damage claims, up to the limit specified in the endorsement, brought by non-client third parties
- Reimbursement of certain expenses incurred in response to a privacy event, including forensics, notification, privacy breach notice compliance and credit monitoring services costs, up to the limit specified in the endorsement (10 percent of the network damage claim limit liability)
As the nation's leading insurance provider of Lawyers' Professional Liability insurance, CNA insures more lawyers than any other insurer. Insuring more than 50,000 law firms and 155,000 lawyers nationwide, CNA is the bar-endorsed Lawyers' Professional Liability insurer in Connecticut, Iowa, Louisiana, Massachusetts, New York and Pennsylvania.
For more information on the CNA Lawyers' Professional Liability policy and the new Lawyers' Data Breach and Network Security Endorsement, please contact Michael Furlong at 913-661-3159 or via email at Michael.Furlong@cna.com.
About CNA
Serving businesses and professionals since 1897, CNA is the country's eighth largest commercial insurance writer and the 14th largest property and casualty company. CNA's insurance products include commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. "CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" trademark in connection with insurance underwriting and claims activities.
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SOURCE CNA