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Business Insurance for Cybersecurity Professionals
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Why do cybersecurity professionals need business insurance?
If a client experiences a cyberattack, your company could be held responsible. Gain protection against legal costs, medical expenses from accidents, and other unexpected costs with policies designed for cybersecurity professionals.
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6 policies every cybersecurity professional should consider
Clients, landlords, or state laws may require cybersecurity professionals to be insured. Business insurance could prevent financial losses in the event of an injury, property damage, lawsuit, or data breach.
Errors and omissions insurance (E&O)
This policy can help pay for lawsuits over mistakes or oversights made by cybersecurity experts. It's also known as professional liability insurance.
BEST FOR
- Software that doesn't meet client requirements
- Failure to deliver a solution on time
- Coding errors in security software
Cyber liability insurance
This policy can pay for recovery from a data breach or cyberattack. It can also protect your cybersecurity business against lawsuits from affected clients.
BEST FOR
- Lawsuits from clients affected by a security breach
- Notifying affected clients about a security breach
- Fraud detection and monitoring
Fidelity bonds
A fidelity bond provides reimbursement if a client accuses one of your cybersecurity employees of theft or fraud. It’s also called an employee dishonesty bond.
BEST FOR
- Unlawful data access by an employee
- Illegal electronic funds transfer by an employee
- Other employee theft or fraud
Business owner’s policy (BOP)
A business owner's policy (BOP) bundles general liability and commercial property insurance. Small cybersecurity businesses often qualify for this discounted coverage.
BEST FOR
- Client injuries at your cybersecurity office
- Accidental damage to client property
- Stolen, damaged, or lost business property
General liability insurance
This policy protects your cybersecurity business from basic risks that most small businesses face. It's often required by client contracts and commercial property leases.
BEST FOR
- Client injuries at your cybersecurity office
- Accidental damage to client property
- Libel, defamation, and copyright lawsuits
Workers’ compensation
State law usually requires that cybersecurity businesses with employees purchase this policy. It helps pay medical costs from work-related injuries and illnesses.
BEST FOR
- Medical bills if an employee is injured at work
- Partial wages while the employee recovers
- Lawsuits over work injuries
Looking for different coverage? Check out our other policies.
Insurance costs for tech professionals
Median costs come directly from policies purchased by TechInsurance customers.
General liability: $28 per month
Errors and omissions: $61 per month
View more sample costs.
Start a free application to see how much insurance will cost for your business.
Why cybersecurity professionals choose TechInsurance
Protect against common risks
A lawsuit or data breach can devastate your cybersecurity business. Prevent financial losses with policies tailored for your needs.
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