Business Insurance for Data Scientists

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

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

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

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.

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

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