Cyber Liability Insurance
More than half of surveyed law firms in the United States experienced a data breach last year.* Chances are good that a lawyer you know has been scammed. They may not talk about it, but the statistics do. The threat of cyberattacks represent the most serious challenge for businesses. Lawyers are especially vulnerable because we keep so much PII and confidential data. As our digital touch points multiply, so do the threats to our clients’ personal and confidential information. AIM can help alleviate this stress.
AIM's Cyber Liability Insurance Coverage
As part of your standard malpractice insurance, AIM offers cyber liability coverage. We provide up to a $100,000 cyber liability limit with no deductible. But is that enough for your practice?
Only you can decide how much cybersecurity coverage you really need. This is especially true if you collect, store, host, process, control, use or share private or sensitive data. If you do real estate closings or wire large sums of money, pay special attention to getting the right amount of coverage.
If you ever need to report a cyber incident, you can expect us to preserve data where possible, investigate the scope of the cyberattack, minimize then isolate the affected environment, and establish a way for your work to continue. We provide an action plan for a secure and quick recovery.
For questions about AIM’s cyber coverage or for more information about potential higher limits, please contact Ben Parks via email at ben@attorneysinsurancemutual.com or by phone at (205) 980-0009.
Did You Know?
Current reports released in 2026 show that legal services accounted for the largest named industry category of ransomware complaints reported to the FBI.
For small businesses, the median insured cyber loss was approximately $38,000, but the most severe 2.5% of claims exceeded $1 million and 7% of annual revenue.
Ransomware generated 39% of small business claims and 64% of their total cyber costs, while business email compromise generated 19% of claims.
The latest ABA data shows substantial vulnerability amongst solo practitioners: only 54.7% of solos had access to two-factor authentication, 52% had file encryption capability, and 59% lacked formal technology policies.
In Alabama alone, the FBI recorded 1,716 phishing/spoofing victims with $917,503 in reported losses in 2025.
Sources: American Bar Association, BakerHostetler, FBI’s 2025 Internet Crime Report, Verizon’s 2026 Data Breach Investigation Report