Your software helps other businesses succeed, but downtime can cut into their profits. If a client sues, the result could be a costly lawsuit. Commercial insurance protects your business against legal expenses, property damage, and injuries. State laws and landlords may require certain types of coverage.
Clients, landlords, or state laws may require SaaS companies to carry insurance. Business insurance can prevent financial losses in the event of an injury, property damage, lawsuit, or data breach.
E&O insurance protects SaaS providers against software liability lawsuits, such as a service outage that causes a client to lose money. It's also called professional liability insurance.
Also called cybersecurity insurance, this policy protects SaaS businesses against costly data breaches and cyberattacks. You can bundle it with E&O insurance for protection against data breach lawsuits.
A fidelity bond compensates your client if an employee at your SaaS company steals from them. It’s sometimes called crime insurance or an employee dishonesty bond.
This policy protects your SaaS business or startup from the most common risks of working with customers and clients. Bundle it with commercial property insurance in a business owner’s policy for a discount.
If your software company has employees, you'll probably need workers' compensation insurance to comply with state law. It helps pay for medical costs from work-related injuries and illnesses.
This type of insurance covers the cost of accidents involving your SaaS company's vehicle. Most states required this coverage for vehicles owned by a business.
A lawsuit or data breach could devastate your SaaS business. Prevent financial losses with insurance coverage tailored for your needs.