Business Intelligence Company Insurance
Why do business intelligence professionals need commercial insurance?
If your methods don’t improve a client's efficiency and productivity, you could be sued. Business intelligence insurance can help pay for client lawsuits, medical costs from an injury, property damage, and other common risks.
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6 policies every business intelligence professional should consider
General liability insurance
This policy can help pay for lawsuits that many business intelligence professionals face at some point. It's often required by client contracts and commercial leases.
- Accidental client injuries at your office
- Accidental damage to client property
- Libel, defamation, and copyright lawsuits
Technology errors and omissions insurance
Technology E&O, also called professional liability insurance, helps pay for business intelligence errors and oversights. Intellectual property (IP) and media liability coverage can often be added.
- Inaccurate business projections
- Mistakes or oversights in business reports
- Failure to meet client expectations
Cyber liability insurance
This policy can pay for recovery costs after a data breach or cyberattack at your business intelligence firm. It also covers lawsuits from clients affected by a breach.
- Fraud detection and monitoring
- Client notification after a breach
- Lawsuits from affected clients
Business owner’s policy
A BOP bundles general liability and commercial property insurance at a discount. It covers common business risks and property damage at small companies.
- Accidental client injuries at your office
- Accidental damage to client property
- Lost or damaged business property
Workers’ comp insurance
State law usually requires that business intelligence companies with employees carry this policy. It helps pay the medical bills and wages of injured employees.
- Medical bills from employee injuries or illnesses
- Partial wages while employees recover
- Lawsuits over work injuries
Fidelity bonds
If one of your employees steals from a client, a fidelity bond will compensate them for their loss. It’s also called an employee dishonesty bond.
- Unlawful client data access by your employee
- Illegal money transfer by your employee
- Other employee theft or fraud
Technology business insurance costs
Average costs come directly from technology insurance policies purchased by TechInsurance customers.
General liability: $30 per month
Errors and omissions: $67 per month
View more expected costs.
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Protect against common risks
A lawsuit or data breach can devastate your business intelligence company. Prevent financial losses with policies tailored for your needs.
