New member benefit: Comprehensive cyber insurance
3 July 2019
The QLS Cyber Essentials Insurance policy will protect all Member Practices* also insured by Lexon from 1 July this year. (*A Member Practice is one in which all Principals, as defined by s7 of the Legal Profession Act, are full QLS members.)
Cyber Essentials Insurance is underwritten by Chubb and backed by Chubb’s worldwide resources. The insurance will fund the first $50,000 of your firm’s investigation, response and compliance costs in the case of a cyber incident (exclusions apply—see the QLS Cyber Essentials Insurance page). Other benefits include business interruption cover and expert help to rebuild trust with your clients.
A reminder: Lexon PI insurance only covers compensable client losses, the QLS Cyber Essentials Insurance will look after the practice.
The main types of cyber-attacks directed at law firms are insured. Members can call for expert help 24 hours a day, 365 days a year, at no cost to members.
To confirm you are covered:
- Check that your firm is a QLS Member Practice.
- Confirm that $50,000 is enough cover for your firm. Top up cover is cheap and simple to arrange, if required.
For more information, visit the QLS Cyber Essentials Insurance page.
QLS Cyber Essentials is issued by Chubb Insurance Australia Limited subject to the terms and conditions in the Master Policy document. This summary does not contain all applicable terms of cover or exclusions, and you should consider the full terms of the Master Policy in determining whether the cover is appropriate for your purposes.
Community legal centres and some other community sector legal service providers will also be covered. Contact the QLS Ethics and Practice Centre for more information.