The International Association of Cloud & Managed Service Providers (MSPAlliance) is offering partners a Cloud and Managed Services Insurance Program designed to provide MSPs with liability protection.
Brokered by Lockton Affinity, the MSPA Cloud Insurance Program will offer comprehensive protection for cloud and managed service providers (MSPs) worldwide. The program includes limits of liability options, which range from $1,000,000 to $10,000,000 per claim and include deductibles from $2,500 to $10,000 per claim. MSPAlliance members who have completed the Unified Certification Standard (UCS) are also eligible for premium discounts.
“These policies are uniquely created for cloud and managed service providers,” says Bill Klein, MSPAlliance’s director of insured services, “and they can provide tremendous risk mitigation for both the provider and their customers.”
Coverage options of the MSPAlliance Cloud and Managed Services Insurance Program include:
- Technology E&O
- Cyber Liability
- Contractual Liability
- General Liability
“This program will help expedite the underwriting process for getting coverage, which has typically been a big problem for many service providers,” says MSPAlliance CEO Charles Weaver.