What does the Marsh/Chubb cyber insurance policy cover and how does it interact with LPLC’s professional indemnity policy?

The Marsh/Chubb cyber insurance policy is a separate (optional) policy to LPLC’s (compulsory) professional indemnity policy.

It is available for purchase through Marsh insurance brokers.

The Marsh/Chubb policy covers specified cyber-related first-party losses incurred by an insured firm. The LPLC policy does not cover first-party loss cyber losses.

The Marsh/Chubb cyber policy also acts as an excess liability insurance policy sitting above LPLC’s professional indemnity policy in relation to specified third-party cyber liability risks as detailed in the Marsh/Chubb policy wording.

Where the Marsh/Chubb cyber insurance policy sits above LPLC’s professional indemnity policy in relation to a claim for third-party loss, it will respond in accordance with its own policy terms and conditions.

Full details of cover under the Marsh/Chubb policy can be obtained from Marsh.

There is no alteration in cover under LPLC’s professional indemnity policy for any practitioner or firm who elects to purchase the Marsh/Chubb cyber insurance policy.