What is a Step Rate Credit? Many attorneys have questions about what the Step Rate Credit is and how it works.
Simply put, this is a credit issued to you throughout your first five years on a declining scale.
Due to this you will see your
A ransomware attack occurs every 40 seconds in the United States. The leading causes of data breaches in 2016 were email hacking scams, employer error, and accidental exposure.*
When these events occur, law firms may face certain costs and expenses related to addressing the cyber event itself, such as repair costs to computer systems, notice requirements, credit monitoring costs, etc.
The Bar Plan is adding Cyber Liability Coverage to all Policies with an effective date on or after January 1, 2018. Limits of liability are $50,000 per claim, with aggregate limits of $50,000 for firms up to 10 attorneys, or $150,000 for firms with more than 10 attorneys. This coverage is provided at no additional premium.
Our Cyber Liability Coverage Includes:
Contact The Bar Plan at 1-800-843-2277 and ask to speak to one of our Agents, or email us at firstname.lastname@example.org with any questions regarding your coverage.
To report a claim, download and complete our claim form: