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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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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 insurance can help cover legal costs if a data analyst is sued over a mistake or oversight. It's sometimes called professional liability insurance.
BEST FOR
- Data mistakes and miscalculations
- Failure to deliver on client expectations
- Accusations of professional negligence
Cyber liability insurance
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.
BEST FOR
- Fraud detection and monitoring services
- Client notification after a data breach
- Lawsuits from clients affected by a data breach
Fidelity bonds
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.
BEST FOR
- Unlawful data access by your employee
- Illegal money transfer by your employee
- Other employee theft or fraud
Business owner’s policy
A BOP bundles general liability with commercial property insurance. Data analysts can get a discount on business insurance if they qualify for this policy.
BEST FOR
- Accidental client injuries at your office
- Accidental damage to client property
- Damaged business property
General liability insurance
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.
BEST FOR
- Accidental client injuries at your office
- Accidental damage to client property
- Libel, defamation, and copyright lawsuits
Workers’ compensation
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.
BEST FOR
- 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
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 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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