A service outage could be financially devastating for a small SaaS provider or startup. Business insurance covers the cost of lawsuits brought by customers harmed by a disruption. It can also pay for property damage and injuries. Some policies, such as workers' compensation, may be required by law.
Technology E&O insurance, also called professional liability insurance, can cover lawsuits related to problems with your SaaS solutions for clients, such as outages and lost data.
Also called cybersecurity insurance, this policy covers financial losses from cyberattacks and data breaches. It's recommended for any SaaS business that handles personal information.
This policy covers basic risks, such as a client who trips on a loose cable at your SaaS office and suffers an injury. Bundle it with commercial property insurance for savings in a business owner’s policy.
Fidelity bonds provide compensation for SaaS businesses and their clients if an employee steals from them. They're sometimes called employee dishonesty bonds or crime insurance.
Most states require workers' comp for businesses that have employees. It also protects sole proprietors from work-related injury costs that health insurance might deny.
Commercial auto insurance covers the cost of an accident involving your company's vehicle. Each state has its own requirements for auto liability insurance.
It's easy to get the right SaaS 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. insurance companies to find coverage that fits your small tech company, whether you work independently or hire employees.