Business Insurance for Database Administrators (DBAs)
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Database Administration (DBA):
Small Business Insurance Protects Your Liabilities

Database administration is one of the nation’s fastest-growing professions and has been ranked as one of the top jobs by both CNNMoney and U.S. News and World Report. The reason economists are so high on database administration? Data is becoming more integrated and readily available.

More businesses than ever are looking to take advantage of customer and business data. As a result, DBA opportunities will continue to grow. While this is all great news for database admins, it’s important to remember your liabilities are connected with your clients.

As a professional who automates, migrates, stores, secures, and backs up data, you can be responsible for all sorts of problems. That's why there's database administrator small business insurance. These policies protect you from professional lawsuits, personal injury cases, employment disputes, and a host of other small business risks. Read on for examples of the kinds of incidents they protect you from.

The High Stakes World of Data Administration

You may not be James Bond or La Femme Nikita, but your job can be just as dangerous. True, trained assassins are probably not hot on your trail, but you do face the very real risk of financial ruin if you're on the losing end of a major lawsuit and don't have database administration business insurance. Some of the very real risks you face include…

  • Lost or compromised data. This is a big one, so let's tackle it first. If something bad happens to all that data under your care, your client will be pretty ticked off. They may sue you, too. Fortunately, Errors & Omissions Insurance can step in when a client claims you somehow failed in your professional duties.
  • Data breach. In this case, the data may still be there, but hackers have helped themselves to it. A breach can expose proprietary business details or even sensitive customer information, like credit card numbers. Either way, Cyber Liability Insurance can help cover the financial fallout for your business.
  • A dishonest employee. If your business manages the data for a financial company, like a bank, it may require you to purchase a Fidelity Bond. Basically, this coverage means that if one of your employees decides to help themselves to a cool million, the bank will be compensated. It's also a way of showing clients that you and your team can be trusted.
  • Damage to client property. Let's say while working at the client's office, you accidentally knock your morning cup of joe onto the computer you're working on. If the damage is significant, an apology note with a $25 Starbucks gift card isn't going to cut it. Your client is going to want their damaged property replaced. You could pay out of pocket, but if you have General Liability Insurance, it should help replace the damaged goods.
  • Theft at your office. If you work with data, you probably have computers, printers, monitors, and more at your office. If a criminal decides to make off with your tech, a Business Owner's Policy, which combines General Liability Insurance with Commercial Property Insurance, can help replace your stolen office equipment.
  • Employee accident. If you have an employee who gets injured while working at a client's office, Workers' Compensation Insurance can help cover their medical bills. If they sue you over their injury, Employer's Liability Insurance will be in your corner, helping to cover the lawsuit costs.
  • Disgruntled employee. Sometimes professional relationships sour, resulting in a lawsuit. Employment Practices Liability Insurance can pay your legal expenses if an employee sues you over discrimination, wrongful termination, overtime payment, and more.

Ways to Reduce Risk: Free Resources for Database Administration Businesses

Data administration business insurance can help you when bad situations happen. To help keep those lawsuits and accidents at bay, though, browse our website and take advantage of our free tips and risk management resources.

For starters, you might want to check out this risk management checklist, these sample contracts, and this guide that outlines a series of steps that any small business can take to protect its data – something you may want to pass along to your clients.

The Small Business Insurance Leader