The SRA is consulting on a cyber exclusion clause to be added to the Minimum Terms and Conditions of PII. Their intention is to preserve the status quo, providing cover for claims by clients and third parties but excluding indemnity for the firm’s own losses. We believe it substantially achieves that objective, though we have identified some drafting points. It will need the support of insurers. See link on www.legalrisk.co.uk/News.
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