MSP Insurance

Leveraging Risk Management Expertise to Protect What You Do Best

Managed Services Provider, or MSP, is an outsourced, 3rd party
company that remotely manages IT infrastructures for businesses. It is often
an efficient way for small to medium-sized businesses to gain IT expertise.

Managed Services Provider, or MSP, is an outsourced, 3rd party company that remotely manages IT infrastructures for businesses. It is often an efficient way for small to medium-sized businesses to gain IT expertise.

 



Your Unique Liability

Your business gives you unprecedented access to your client’s data, including personal information. In addition, you're often assuming the responsibility for security software, other software updates, daily back-ups, or IT infrastructure, just to name a few. The nature of your work exposes you to significant liabilities in terms of professional and cyber liability, and sometimes both at the same time.

 

Your Unique Liability

Your business gives you unprecedented access to your client’s data, including personal information. In addition, you're often assuming the responsibility for security software, other software updates, daily back-ups, or IT infrastructure, just to name a few. The nature of your work exposes you to significant liabilities in terms of professional and cyber liability, and sometimes both at the same time.

Piecing Together Cyber Protection

You're probably familiar with the details and repercussions of a security breach.
However, are you prepared for the financial costs that can accompany one?

In a world where legal defense costs alone often exceed $250,000,
a thorough Professional/Cyber policy can include:


Piecing Together Cyber Protection

You're probably familiar with the details and repercussions of a security breach. However, are you prepared for the financial costs that can accompany one?

In a world where legal defense costs alone often exceed $250,000, a thorough Professional/Cyber policy can include:

Commercial Coverages for MSPs

Commercial insurance is complex, and your policy is unique to your business
structure. For example, are you an independent MSP or do you own a building and
employ tech professionals? We recommend you connect with one of our experts
and refer to your policy for specific coverage details.

Commercial Coverages for MSPs

Commercial insurance is complex, and your policy is unique to your business structure. For example, are you an independent MSP or do you own a building and employ tech professionals? We recommend you connect with one of our experts and refer to your policy for specific coverage details.

Professional Liability

Commonly known as Errors and Omissions, this covers
your professional advice and services in case of harm.
You specialize in data storage solutions. Your cloud system failed to back up
essential customer data that your client would have used for a large marketing campaign.
They could pursue legal action to make you pay for this costly error.

Professional Liability

Commonly known as Errors and Omissions, this covers your professional advice and services in case of harm.
You specialize in data storage solutions. Your cloud system failed to back up essential customer data that your client would have used for a large marketing campaign. They could pursue legal action to make you pay for this costly error.

Cyber Liability

Covers expenses associated with a security breach
or compromised confidential information.
You use a customized hybrid cloud system that has proven to streamline business
processes. Although you do everything possible to prevent a hack, a security-bypassing
cloud attack occurred, leading to a devastating data breach. You will now have the costs of
cyber forensics, restoration, notification requirements, and more. Not to mention,
your clients could pursue a lawsuit.

Cyber Liability

Covers expenses associated with a security breach or compromised confidential information.
You use a customized hybrid cloud system that has proven to streamline business processes. Although you do everything possible to prevent a hack, a security-bypassing cloud attack occurred, leading to a devastating data breach. You will now have the costs of cyber forensics, restoration, notification requirements, and more. Not to mention, your clients could pursue a lawsuit.

Equipment Breakdown

Covers the costs of repairing or replacing damaged equipment and machinery
that is essential for your business to run after a covered event.
Your equipment goes hand-in-hand with your ability to exist as a business. You
experience a power surge and your centralized computing console breaks down. This means
you incur unexpected rush repair costs and lost income while you are out of commission.

Equipment Breakdown

Covers the costs of repairing or replacing damaged equipment and machinery that is essential for your business to run after a covered event.
Your equipment goes hand-in-hand with your ability to exist as a business. You experience a power surge and your centralized computing console breaks down. This means you incur unexpected rush repair costs and lost income while you are out of commission.

Ready to Explore MSP Insurance?

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