Cyber Insurance for Law Firms: Skyrocketing Prices and Less Coverage

If you’ve struggled to afford cyber insurance, you’re not alone. In the past year, prices rose by 30 to 40 percent, and some law firms, especially solos and smalls, were forced to cancel or downgrade coverage in the wake of sudden price hikes. Additionally, inadequate cybersecurity in a firm may lead to a denial of coverage altogether. So, what’s going on? Sharon Nelson and Jim Calloway talk with Judy Selby to get a handle on the rapid changes in the cyber insurance industry and what firms should do to maintain coverage in this difficult market. Judy Selby is a partner at Kennedys and a member of their global cyber team. She primarily serves as cyber coverage and monitoring counsel to insurers. Learn more about your ad choices. Visit megaphone.fm/adchoices