General Liability insurance for security analysts can be the difference between financial success and financial ruin.
A single lawsuit can wipe out all the financial security they have worked to achieve when General Liability is not in place.
What most security analysts don’t know, however, is that the typical situations that can lead to a lawsuit are generally NOT covered under General Liability. General Liability insurance only covers bodily injury claims, property damage claims, and personal injury claims.
As a security analyst, the situations you deal with as you provide service to your clients include a much more focused set of risks. For example:
- Failing to identify and patch a hole that allows a hacker to access your client’s personal and financial information.
- Neglecting to update terminated employees’ ability to access data, leading to sabotage from a terminated employee.
- Incorrectly configuring security access protocols, causing a breach in access levels and exposing secure information to inappropriate personnel.
General Liability will not be useful with risks where there is no property damage or bodily injury. When the only injury to the client is financial in nature, you will need an additional Technology E&O policy in place. This type of policy is designed specifically for technology service providers to cover the specific types of vulnerabilities they face.
Knowing how important it is to have both a General Liability and a Technology E&O policy in place, it may surprise you to know that both policies are available for as little as $1100 or with monthly payments as low as $110.
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