Mistakes in a database can lead to lost profits for a client – and a lawsuit for a database administration company. Business insurance can cover client lawsuits, injuries, property damage, data breaches, and other potential risks.
If a client disputes the quality of a database administrator's work, E&O insurance covers your legal costs. It's sometimes called professional liability insurance.
This policy covers the cost of recovering from a data breach or cyberattack. It can also pay your legal costs from lawsuits filed by affected clients.
A fidelity bond protects your database administration business if a client accuses one of your employees of theft. It’s also called an employee dishonesty bond.
A BOP bundles general liability and commercial property insurance at a discount. Small database administration companies are usually eligible.
General liability insurance covers the most common business lawsuits. It's often required in data administration contracts and commercial property leases.
If your database administration business has employees, you'll probably need to purchase this policy to comply with state law. It covers work injuries and illnesses.
A lawsuit or data breach can devastate your database administration business. Prevent financial losses with policies tailored for your needs.