Business Insurance for Cybersecurity Professionals
Why do cybersecurity professionals need business insurance?
If a client experiences a cyberattack, your company could be held responsible. Gain protection against legal costs, medical expenses from accidents, and other unexpected costs with policies designed for cybersecurity professionals.
Get the right coverage quickly
6 policies every cybersecurity professional should consider
General liability insurance
This policy protects your cybersecurity business from basic risks that most small businesses face. It's often required by client contracts and commercial property leases.
- Client injuries at your cybersecurity office
- Accidental damage to client property
- Libel, defamation, and copyright lawsuits
Errors and omissions insurance
E&O, also called professional liability insurance, can help pay for lawsuits over mistakes made by cybersecurity experts. Intellectual property (IP) and media liability coverage can often be added.
- Software that doesn't meet client requirements
- Failure to deliver a solution on time
- Coding errors in security software
Cyber liability insurance
This policy can pay for recovery from a data breach or cyberattack. It can also protect your cybersecurity business against lawsuits from affected clients.
- Lawsuits from clients affected by a security breach
- Notifying affected clients about a security breach
- Fraud detection and monitoring
Business owner’s policy
A business owner's policy (BOP) bundles general liability and commercial property insurance. Small cybersecurity businesses often qualify for this discounted coverage.
- Client injuries at your cybersecurity office
- Accidental damage to client property
- Stolen, damaged, or lost business property
Workers’ comp insurance
State law usually requires that cybersecurity businesses with employees purchase this policy. It helps pay medical costs from work-related injuries and illnesses.
- Medical bills if an employee is injured at work
- Partial wages while the employee recovers
- Lawsuits over work injuries
Fidelity bonds
A fidelity bond provides reimbursement if one of your cybersecurity employees steals from a client. It’s also called an employee dishonesty bond.
- Unlawful data access by an employee
- Illegal electronic funds transfer by an employee
- Other employee theft or fraud
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 cybersecurity professionals choose TechInsurance
Protect against common risks
A lawsuit or data breach can devastate your cybersecurity business. Prevent financial losses with policies tailored for your needs.
