Professional Liability Insurance

Business IT/MSP Talk
1

Hello, I am setting up my consulting company to help small business get their networks setup and secure. I am focusing on network and security aspect because potential clients are doctor’s offices and some restaurants that don’t have a full-time IT staff or do their own IT work.

I have reviewed some of the previous posts in this forum. I did find the link to thetechtribe.com and will review later.

However, I would like to find out from the group what they specify when they obtain professional liability insurance. I have made inquires locally and with some of the on-line General and Professional Liability (E&O) insurance brokers. What I found is that if I design the network and provide configuration and equipment specifications, then they can insure, but if my company *implements” the network solution, they won’t insure. (I am trying to paraphrase this).

Basically, my services will re-wire/configure the network, adding a router/switch as needed to properly segment the network physically. I want to make sure I’m insured for this part of the network solution.

What I have found is that many of the SMBs don’t understand networking and risk their company adherence to HIPPA and/or PCI DSS compliance. Not to mention exposing these systems to public access through their hosted wifi service.

Does anyone have any recommendations on an insurance carrier that can support this business model? I’m also looking into the MSP Alliance.

Regards,
John

2

FWIW… I found a solution to this through MSP Alliance.
thanks.

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I had the same problem when I started my own business. It was hard to find professional liability insurance that covered the actual work I was doing.

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I had to try a few options before I found something that worked. You might want to look into insurance companies that really understand the tech and MSP field. I also came across sundaysinsurance.co.uk, which could be a good fit for what you’re doing. It took a bit of effort, but getting the right coverage was totally worth it for me.

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Thanks for the feedback. I found professional liability insurance through the msp alliance, Lockton Affinity out of Overland Park, KS US. They understand what I was looking for.

  • jd