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Business Insurance for Data Analysts

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Why do data analysts need business insurance?

Your clients rely on your data to make informed business decisions. If there's an error, your business could face a lawsuit. Insurance for data analysts protects against client lawsuits, injuries, property damage, and other risks.

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TechInsurance helps data analysts compare insurance quotes from top U.S. providers with one easy online application.

6 policies every data analyst should consider

Clients, landlords, or state laws may require insurance for data analysts. Business insurance could prevent financial loss in the event of an injury, property damage, lawsuit, or data breach.

Errors and omissions insurance (E&O)

Errors and omissions insurance icon

This option protects against lawsuits over mistakes or oversights made by a data analyst. You may also see E&O referred to as professional liability insurance.

BEST FOR
  • Data analysis errors
  • Failure to produce desired results
  • Accusations of negligence

Cyber liability insurance

Cyber liability insurance icon

This policy can help pay for recovery from a data breach or cyberattack. It can also protect your business against lawsuits from clients affected by a breach.

BEST FOR
  • Lawsuits from clients affected by a breach
  • Notifying affected clients about a breach
  • Fraud detection and monitoring

Fidelity bonds

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A fidelity bond protects your data analysis business when a client accuses one of your employees of theft. It’s also called an employee dishonesty bond.

BEST FOR
  • Unlawful data access by your employee
  • Illegal electronic funds transfer by your employee
  • Other employee theft or fraud

Business owner’s policy (BOP)

Business owner’s policy icon

A BOP bundles general liability insurance with commercial property insurance. Many insurance providers offer data analysts a discount if they choose this policy.

BEST FOR
  • Accidental client injuries
  • Accidental damage to client property
  • Damaged business property

General liability insurance

General liability insurance icon

This policy protects you from basic risks that most small businesses face. It's often required by client contracts and commercial leases.

BEST FOR
  • Accidental client injuries
  • Accidental damage to client property
  • Libel, defamation, and copyright lawsuits

Workers’ compensation

Workers’ compensation insurance icon

State law usually requires data analysis businesses that have employees to purchase this policy. It helps pay medical costs from work injuries and illnesses.

BEST FOR
  • Medical bills from employee work injuries
  • Partial wages while employee recovers
  • Lawsuits over work injuries

Looking for different coverage? Check out our other policies.

Insurance costs for tech professionals

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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.

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Why data analysts choose TechInsurance

Protect against common risks

A lawsuit or data breach can devastate your data analysis business. Prevent financial losses with policies tailored for your needs.

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