The risk of BC law firms experiencing a cyber-related event has been growing for some time. With the likelihood that the current increased reliance on technology will continue, the risk is likely to continue to grow.
LIF responds
Recognizing this, LIF worked closely with brokers and underwriters with expertise in this complex risk. After months of research, we landed on a group policy of insurance covering BC law firms, and a wealth of risk management services. The cyber protection policy is issued by Coalition, Inc. and brokered by HUB International, Inc., the largest brokerage in BC and Canada.
The cyber program
The program combines state-of-the-art cybersecurity with best-in-class cyber insurance. Coalition’s cybersecurity platform includes 24/7 security monitoring, automated security alerts, employee training, and access to security experts to prevent cyber incidents before they occur. In addition, the coverage protects the value of your entire business including financial, intangible, and tangible damage with comprehensive cyber insurance.
Cyber incidents come in many forms—from ransomware, denial of service attacks, and data breaches, to social engineering, wire fraud, and technology failures. Coalition will help you solve cyber risk before, during and after an incident occurs.