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SaaS Provider Insurance

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From accounting tools to collaboration platforms to enterprise resource planning, the industries you serve rely on your software and hardware solutions for their day-to-day operations. Whether you’re a freelancer running a software company or a large corporation, we’ll get you ALIGNED with customized, comprehensive SaaS Provider Insurance that delivers the risk management solutions you need.

How SaaS Provider Insurance Can Protect You

The following are examples of some of the risks SaaS tech companies face:

  • An outage or service disruption on your end causes several clients to lose hundreds of thousands of dollars in the time it takes to get your service operational again.
  • During system integration or migration, hundreds of records are lost resulting in costs to your client. 
  • A breach of your systems exposes protected personal information (PII) of your clients’ records.
  • A competitor claims that your software contains elements identical to their own and sues for IP infringement.

Our SaaS provider business insurance packages can protect your organization by covering:

  • Medical expenses, property damage costs and financial losses
  • Lawyer’s fees and costs to mount a defence
  • Out-of-court settlements
  • Awards for damages

SaaS Provider Insurance Coverages

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The following are coverages that are included in our SaaS provider insurance plans:

Technology Errors & Omissions (E&O) Insurance – is a basic policy for SaaS providers that can cover legal liability, losses and expenses for claims of errors, omissions, breach of contract and other forms of negligence that lead to client losses.

Commercial General Liability (CGL) Insurance – can cover your operations and products against claims of personal injury, property damage, false advertising, libel/slander and more. 

Cyber Liability Insurance & Privacy Insurance – with the amount of PII stored within your systems, an uninsured cyber breach could very well mean the end of your SaaS company. Cyber insurance policies can cover the costs of a breach including losses sustained by third parties, notification and credit monitoring, costs to repair systems, brand rehabilitation expenses and more.

Get a free quote on the above SaaS Provider Insurance Coverages in Minutes

Looking for a free quote on SaaS Provider Insurance in minutes? Ready to buy SaaS Provider Insurance right now? Use our Online Application and access our specialized Tech E&O/ CGL/ Privacy Breach Insurance Bundle for SaaS Providers from one of Canada’s leading insurance company.

Other SaaS Provider Insurance Coverages You May Need

Property Insurance which can include extensions for 

Directors & Officers (D&O) Insurance 

Employment Practices Liability (EPL) Insurance 

Crime Insurance / Fidelity Insurance 

Get ALIGNED with SaaS Provider Insurance Powered by Tech & Commercial Insurance Specialists

Commercial insurance is all we do. The insurance professionals at ALIGNED can save you time, money and the hassle of shopping around for the right SaaS provider insurance at the best rates. Contact an ALIGNED advocate to get a free quote on SaaS provider insurance in minutes or get started right away by using our free online tool.

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