Your clients rely on your data to make key decisions. An error could have tremendous repercussions – and lead to a lawsuit. Insurance for data scientists can help pay for client lawsuits, injuries, property damage, and other risks.
E&O insurance can pay legal costs if a data scientist is sued over a mistake or oversight in their data. This policy is also called professional liability insurance.
This policy can help your data science firm bounce back after a data breach or cyberattack. It can also cover lawsuits from clients affected by a breach.
A fidelity bond protects your business if a client accuses one of your employees of theft or fraud. It covers the cost of compensating the client for their loss.
A BOP includes both general liability and commercial property insurance. Data scientists often receive insurance at a discount if they qualify for this bundle.
General liability insurance protects your business from the most common liabilities faced by data scientists. It's often required in client contracts and commercial leases.
If your business has employees, you'll probably need to purchase this policy to comply with state law. It covers medical costs from work injuries and illnesses.
A lawsuit or data breach can devastate your data science business. Prevent financial losses with policies tailored for your needs.