Cyber Security
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Claims handling and breach response services are provided by Beazley USA Services, a member of Beazley Group. Beazley USA Services does not underwrite insurance for AIM. Policies purchased through AIM are subject to AIM’s underwriting processes. 10.2025.
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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