Quick Answer: How much does cyber insurance cost for law firms?
$95 to $1,250 per month ($1,140–$15,000/year) depending on firm size, practice area, revenue, and coverage limits. Solo practitioners can get policies starting at $95/mo.
Cyber Insurance Pricing by Firm Size
| Firm Size | Monthly Cost | Annual Cost | Typical Limits |
|---|---|---|---|
| Solo practitioner | $95–$150/mo | $1,140–$1,800/yr | $1M / $1M |
| Small firm (2-5 attorneys) | $150–$350/mo | $1,800–$4,200/yr | $1M–$2M |
| Mid-size firm (6-20) | $350–$750/mo | $4,200–$9,000/yr | $2M–$5M |
| Large firm (20-50) | $750–$1,250/mo | $9,000–$15,000/yr | $5M–$10M |
These are national averages based on standard coverage. Your actual quote depends on several factors.
What Drives the Price?
1. Firm Size & Revenue
More attorneys and higher revenue = more data, more risk, higher premiums. A solo practitioner with $200K revenue pays dramatically less than a 30-attorney firm billing $15M.
2. Practice Area
High-risk practice areas pay more:
| Practice Area | Risk Level | Premium Impact |
|---|---|---|
| M&A / Corporate | 🔴 High | +20-40% |
| Real Estate | 🔴 High | +15-30% |
| Family Law | 🟡 Medium | Baseline |
| Immigration | 🟢 Lower | -10-15% |
Why? M&A and real estate firms handle wire transfers and sensitive deal documents — prime targets for business email compromise. Immigration practices handle PII but fewer financial transactions.
3. Claims History
Prior cyber incidents or claims can increase premiums 25-50%. Some carriers won't cover firms with recent claims. If you have claims history, carriers like Hartford and Coalition are typically more flexible.
4. Security Posture
Carriers now evaluate your cybersecurity setup. Having these can reduce premiums 5-15%:
- Multi-factor authentication (MFA) on email and remote access
- Endpoint detection and response (EDR)
- Regular employee security training
- Encrypted backup systems
- Incident response plan
5. Coverage Limits & Deductible
Higher limits and lower deductibles = higher premiums. The sweet spot for most small firms:
- Limits: $1M per occurrence / $1M aggregate
- Deductible: $2,500–$5,000
- Retention: $0 for breach response services
Carrier Price Comparison
| Carrier | Starting Price | Best For |
|---|---|---|
| Hartford | $95/mo | Best overall value |
| Hiscox | $100/mo | Solo practitioners |
| Coalition | $110/mo | Tech-forward firms |
| CNA | $120/mo | Legal industry specialist |
| Chubb | $150/mo | Highest limits, premium coverage |
💡 Pro tip: Don't just compare premiums — compare what's included. A cheaper policy with a $10,000 deductible and no breach response may cost more in the long run than a slightly more expensive policy with $0 retention on breach services.
How to Reduce Your Premium
- Implement MFA everywhere — This is the single biggest premium reducer. Some carriers require it.
- Get employee training — Annual cybersecurity awareness training can save 5-10%.
- Increase your deductible — Going from $2,500 to $5,000 can reduce premiums 10-15%.
- Bundle with E&O — Save 15-25% vs buying separately. See our bundle guide →
- Shop multiple carriers — Pricing varies significantly. Always compare at least 3.
Related Guides
- 📋 Law Firm Cyber Insurance: Top Carriers Compared — Full carrier comparison
- 🔒 What Cyber Insurance Covers for Law Firms — Coverage explained
- 📦 Cyber + E&O Bundles for Law Firms — Save by combining policies
- ⚖️ ABA Cyber Insurance Compliance Guide — Meet Rule 1.6(c) requirements
Get Your Actual Quote
These are averages — your firm's actual cost depends on your specific risk profile. The fastest way to find out is to compare quotes from multiple carriers.
Compare quotes from Hartford, Chubb, CNA, Hiscox & more →
Related Coverage Pages
- Cyber insurance for law firms — See pricing and coverage for legal practices
- Cyber insurance — Compare general cyber quotes from top carriers
- Data breach insurance — First-party breach response coverage
See what your firm would pay — get your free quote →
Related Guides
- Cyber insurance for law firms — Compare quotes built for legal practices
Budgeting the Rest of Your Coverage
Cyber is usually 20–35% of a small firm's total insurance spend. For the complete picture — malpractice, general liability, EPLI and management liability by firm size — see the lawyer insurance guide. To compare the cyber carriers themselves on law-firm terms, use the best cyber insurance companies roundup.
