Ace USA has announced a new Law Firm Privacy Protection endorsement designed to complement its Privacy Protection policy in conjunction with supplementing a law firm's traditional legal malpractice program.
The U.S.-based retail operations of the ACE Group, says most professional liability policies respond to third-party privacy claims but they do not typically indemnify law firms for the first-party costs associated with a data breach.
Ace's Privacy Protection policy provides first-party coverage, which is increasingly important as costs rise, the number of data breaches increases, and notification requirements imposed by state and federal regulators become more comprehensive. The Law Firm Privacy Protection endorsement offers response to a claim presented in combination with a legal malpractice policy.
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