Your clients depend on your services to work anywhere in the world, but if there's a disruption, the result could be a lawsuit. Business insurance protects cloud computing companies from hefty legal fees and settlements. It can also cover costly injuries, fires, cyberattacks, and auto accidents.
These insurance products cover common risks for cloud computing firms.
Tech E&O covers legal expenses related to your work performance, such as a client who sues over a service outage. You can often add intellectual property and media liability coverage.
This policy covers basic cloud computing business risks, such as accidental damage to a client's property. You can often combine it with commercial property insurance at a discount in a business owner's policy (BOP).
This policy helps cloud computing companies financially survive data breaches and cyberattacks. It’s sometimes called cybersecurity insurance or cyber liability insurance.
This policy covers the cost of an accident involving a vehicle owned by your cloud computing firm. Most states require this coverage for business-owned vehicles.
Most states require workers' comp for cloud companies that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
Fidelity bonds compensate your clients if one of your employees steals from them. Your clients might require you to purchase a bond, especially if you work in financial services.
It's easy to get cloud computing, data center, or managed service provider (MSP) business insurance if you have your company information on hand. Our insurance application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed agents work with top-rated U.S. insurers to find cloud insurance for your company, whether you work independently or hire employees.
Getting the right insurance is a crucial part of any business’s risk management plan. Depending on the specifics of your cloud computing company, you may want to consider additional policies, such as:
The insurance industry has a wide range of pricing for the same policies, which is why it's important to shop around. You can start by comparing free business insurance quotes with Insureon.
Our licensed insurance agents can help make sure you get the right coverage for your cloud computing business at an affordable price. Most small businesses can get insured and download a certificate of insurance within hours of applying for quotes.
Read more about how to save money on insurance.