OneBeacon Professional Insurance (OBPI) has expanded its Lawyers' Professional Liability (LPL) offerings to include network security and privacy (NSP) liability coverage.
OBPI’s LPL Division senior vice president Kim Noble said that the NSP liability coverage will protect law professional systems containing high-value data such as litigation information, intellectual property, client data, trade secrets and personally identifiable information.
The NSP coverage is provided in two ways, either as a standalone coverage or an endorsement to its LPL policy.
The NSP endorsement, when added to OBPI’s lawyer’s policy, provides coverage if data breach for specific expenses acquired for first-party notification or public relations efforts to minimize damage to a firm’s reputation.
The coverage, as a standalone, provides breach consultation services, network security liability, privacy liability, website media occurrence liability, business interruption, breach notification, a management expenses sublimit and more.