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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 can help pay for client lawsuits, injuries, property damage, and other risks.

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Get the right coverage quickly

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

E&O insurance can help cover legal costs if a data analyst is sued over a mistake or oversight. It's sometimes called professional liability insurance.

  • Data mistakes and miscalculations
  • Failure to deliver on client expectations
  • Accusations of professional negligence

Cyber liability insurance

Cyber liability insurance icon

This insurance policy helps data analysts recover from a data breach or cyberattack. It can also protect your business against lawsuits from clients affected by a breach.

  • Fraud detection and monitoring services
  • Client notification after a data breach
  • Lawsuits from clients affected by a data breach

Fidelity bonds

Fidelity bond icon

If a client accuses your employee of theft, this policy reimburses the client for the amount that was stolen. It's also called an employee dishonesty bond.

  • Unlawful data access by your employee
  • Illegal money transfer by your employee
  • Other employee theft or fraud

Business owner’s policy (BOP)

Business owner’s policy icon

A BOP bundles general liability with commercial property insurance. Data analysts can get a discount on business insurance if they qualify for this policy.

  • Accidental client injuries at your office
  • Accidental damage to client property
  • Damaged business property

General liability insurance

General liability insurance icon

This policy protects you from the most common liability risks faced by data analysts. It's often required in client contracts and commercial property leases.

  • Accidental client injuries at your office
  • Accidental damage to client property
  • Libel, defamation, and copyright lawsuits

Workers’ compensation

Workers’ compensation insurance icon

If you employ other people, you'll probably need to purchase this policy to comply with state law. It covers medical bills for employees injured on the job.

  • Medical bills from employee work injuries
  • Partial wages while employees recover
  • 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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