Law firms are one funds transfer fraud, ransomware, or email compromise away from exposure
$90,000
Average claim size for law firms that are Coalition policyholders
20%
Percent of Coalition claims resulting from social engineering and fraudulent funds transfer attacks directed at law firms
50%
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).
