The Birmingham Law Society Consultation Committee has responded to the SRA Consultation on Professional Indemnity Insurance – cyber cover
The Chair of the Consultation Committee Jayne Willetts said:
“ The SRA has consulted on clarifications to the Minimum Terms & Conditions for professional indemnity cover so as to highlight what is and what is not covered in the event of a claim arising from a cyber-attack. Consumer and third party losses will continue to be covered but law firm losses will remain outside the terms of the policy. With cyber risks becoming even more prevalent as a result of lockdown home working, the Consultation Committee welcomes the SRA’s initiative in informing both the profession and clients as to the cover provided by the standard PII policy.”
Read the full response here.