Law firms are one funds transfer fraud, ransomware, or email compromise away from exposure
Average claim size for law firms that are Coalition policyholders
Percent of Coalition claims resulting from social engineering and fraudulent funds transfer attacks directed at law firms
Percent of successful cyber attacks against law firms resulting from a business email compromise
Cyber insurance specifically designed to help law firms
Funds transfer fraud losses arising from a security failure or social engineering
Costs to respond to a ransomware (extortion) incident
Costs to replace computer systems and other technology damaged in a cyber attack
Restoration of digital assets, including sensitive client information
Fraudulent charges when a criminal actor exploits a cloud or telephony provider
Property damage and bodily harm coverage for IoT failures
Related Case Studies
Law firm battles ransomware
A law firm came to terms with Coalition Incident Response negotiating their ransom when they learned sensitive client data had been exfiltrated.
Law firm fully covered after funds transfer fraud
A fake client scammed a law firm into a fraudulent transfer, which was covered by their Funds Transfer Fraud coverage.
Coalition’s products are offered with the financial security of Allianz Group* (A.M. Best A+ rating), Arch Specialty Insurance Company (A.M. Best A+ rating), Ascot Group** (A.M Best A rating), Fortegra Group (A.M. Best A- rating), Lloyd’s of London (A.M. Best A rating), Swiss Re Corporate Solutions*** legal entities (A.M. Best A+ rating), Vantage Risk Specialty Insurance Company (A.M. Best A- rating), and Chaucer Insurance Company DAC (A.M. Best A rating).
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* Insurance products are offered in the U.S. by Coalition Insurance Solutions Inc., a licensed insurance producer and surplus lines broker. Insurance products may not be available in all states, For further details see here. ** Insurance products may be underwritten by Ascot Specialty Insurance Company, Ascot Insurance Company, or an affiliated company, which are members of Ascot Group. *** Insurance products may be underwritten by North American Capacity Insurance Company, Swiss Re Corporate Solutions America Insurance Corporation, or an affiliated company, which are members of Swiss Re Corporate Solutions. Fortegra® is the marketing name for the service contract and insurance operations of the subsidiaries of The Fortegra Group, Inc.