Managed Service Provider Insurance

Managed Service Providers (MSPs) are the heart of digital business, and as such, a high target for cyber criminals looking for access to business data of clients serviced by your MSP business.

Along with compliance standards, contractual requirements, and providing security and maintenance for clients, this makes Managed Service Provider Insurance (MSP Insurance) a critical cover to safeguard your MSP Business.

What is Managed Service Provider Insurance

As a third-party business that manages client’s information technology, infrastructures, security, and employee systems (whether office based or remote), we understand the risks you face 24 hours of each working day. We offer a dedicated team of very experienced information technology brokers with access to specialist providers; this enables us to provide a partnered approach to protecting your businesses individual needs and support your future goals.

We also understand that many MSPs are different and as such, no two covers are the same. We do not offer an “off the shelf package” but prefer to consult and ensure comprehensive covers tailored to your specific needs.

Managed Service Providers Insurance Solutions

With each managed service provider having different insurance needs, we welcome a in-depth discussion to understand your business and services offered to your clients. With this information we can offer adequate and appropriate insurance covers to protect your business. Listed below are a few covers that most of our current MSPs find useful.

  • Management liability
    Ensure that your directors, officers, and key employees are protected from the financial repercussions of personal liability in the event of any defence costs and compensatory damages incurred following allegations against their actions and decisions made when acting on behalf of the company.
  • Commercial Combined Risks
    Protection of the companies physical and digital assets and liability to employees and third parties for any negligent physical injury or loss.
  • Professional Liability
    Cover for businesses when facing legal action from third parties or clients due to alleged unsatisfactory work or service, mistakes, and errors, missed deadlines, exceeding budgets and consequential losses.
  • Cyber cover
    A specialist team to provide forensic analysis, data recovery, PR and Legal services in the event of a cyber breach or hack as well as the resulting costs of potential lawsuits and penalties.
  • Cyber Crime
    Protection from social engineering scams and fund transfer fraud to corporate identity theft.

     

Our Specialist Managed Service Provider Offering

  • Specialist technology brokers with extensive experience within the sector
  • Risk Mapping to support your future business growth.
  • Specialist knowledge of global and overseas compliance requirements
  • Risk Transfer advice and Solutions:
    • Mergers and Acquisitions
    • Sector Specific Statutory Requirements
    • Jurisdictional Requirements
    • Contractual Insurance Requirements
    • External Service Providers
  • Regular Contact and Strategy Reviews Throughout the Year
  • Bespoke solutions to cover your unique business needs.

Why Choose Konsileo for Your Managed Service Provider Insurance?

Our dedicated technology team carry extensive knowledge of the sector and support many managed service providers throughout the United Kingdom. Having a specialist technology team places us in a unique position to understand your business and provide the appropriate covers needed to protect your Managed Service Provider business and your employees.

Call us today and speak directly to a member of our technology team.

Managed Service Provider Insurance

We insure a great deal of industries.

Looking for insurance for a specific industry?

Take a look at all the industry sectors we serve below.

Request A Call Back

Select your ideal date and time for a callback.

Get in touch today