AXA XL Adds Cyber Insurance Option to Lawyers Errors and Omissions

AXA XL has added Cyber Suite, a cyber-and-security-insurance coverage, as an option to its lawyers errors and omissions (E&O) insurance program.

"Lawyers rely on technology just as much as any other profession. One cyber incident can significantly compromise all that a law firm has worked hard to build," Dwayne Johnson, underwriting manager for AXA XL's lawyers professional liability business, said in a statement. "We're pleased to be able to pair up our professional and cyber insurance expertise and deliver Cyber Suite coverage to help our clients address today's new and emerging online and technology-driven business exposures."

A number of coverages are available under AXA XL's Cyber Suite to help law firms that are victims of data breaches or other cyber crimes.

• Data compromise response expense
• Computer attack
• Cyber extortion
• Misdirected payment fraud
• Computer fraud
• Data compromise liability

AXA XL's E&O insurance protects professional individuals and companies from actual or alleged mistakes, errors, omissions, negligence, or failures that occur while providing advice and service to clients.