MSP insurance coverage helps your company comply with state laws and the terms of leases and contracts. These policies can aid with natural disaster recovery, cybersecurity, legal issues, theft, and data breaches.
This policy protects managed service providers from basic third-party risks, and it's often required by contracts and leases. Bundle it with property insurance in a business owner's policy (BOP) for a discount.
MSP cyber insurance helps your company recover from a data breach or cyberattack. It's strongly recommended for any business that stores credit card numbers, customer addresses, or other personal information.
Tech E&O insurance covers legal costs related to work performance, such as a mistake made by a MSP that results in data loss. It includes both E&O and cyber insurance.
Commercial auto insurance covers the cost of accidents involving a MSP's truck, van, or company car. Most states require this insurance coverage for vehicles owned by a business.
Managed service providers that employ other people usually need to purchase this policy to comply with state law. It covers medical expenses for employees injured on the job.
If an employee at your MSP company steals from a client, a fidelity bond reimburses the client for the amount that was stolen. It’s often required by clients in financial services.
Get insurance fast so you can get started working with clients. Fill out our easy online application, choose a policy, and pay online to start coverage today.
Managed service providers may need additional insurance policies to protect against other exposures:
There are two kinds of cyber insurance, both equally important for managed service providers:
When you buy tech E&O, it includes both types of cyber insurance, along with errors and omissions insurance to protect against other lawsuits from dissatisfied clients.
It's easy to save money on business insurance through a few simple steps: