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Business Insurance for Development Operations Engineers

Business Insurance for Development Operations Engineers

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As a company providing development operations engineering or consulting services, you face a variety of liabilities and risks. From professional negligence lawsuits to natural disasters, unexpected events could hit your business and drain your company finances. Business insurance can help protect your business from these risks and back you financially in the face of any unfortunate incidents.

What insurance coverage do I need for my development operations firm?

There are many types of insurance available, but the following types of coverage are particularly important for development operations engineers to consider:

Professional Liability Insurance

When you provide clients with DevOps engineering services or consultation, they trust that your work will function as expected and your advice will be accurate. No matter how careful you are though, mistakes in your work can happen, and clients may suffer financial losses as a result. If that happens, they could sue you for damages. Even if your company has done nothing wrong, a client could sue simply because they perceive an error on your part. Professional liability insurance can protect your company from the risk of lawsuits brought on by dissatisfied clients alleging failures in services, advice, or professional work.


General Liability Insurance

Most companies have some level of general liability risk, even if they work in industries that are not physically dangerous. If your employees consult with clients at their locations, host clients at your own offices, or receive deliveries at your location, it’s a good idea to consider general liability insurance. There is always a chance that a non-employee could be injured or someone else’s property could be damaged in the course of your work. General liability insurance covers these third-party bodily injury and property damage risks. It also includes a personal and advertising injury component, which covers risks including libel, slander, and copyright infringement.


Cyber Liability Insurance

In the IT industry, your business depends on digital systems and networks that may be vulnerable to cyberattacks. No matter how secure you may think you are, cybercriminals are constantly finding new exploits and loopholes, so there’s always a risk that you may be hacked or your data may be held for ransom. If your systems or data are illegally accessed or stolen, you could be held liable, and the costs of recovering from a cyberattack are high. Cyber liability insurance can provide financial assistance to help your company stay in business in the event of cyberattacks, and insurers often provide resources to help you prevent incidents as well.


Commercial Property Insurance

Most IT companies operate out of office space they rent or own, and as a DevOps engineering firm, you likely rely on computers and other technology equipment that could be difficult or expensive to replace. If an unexpected disaster strikes, repairing or replacing your damaged property can be costly. Commercial property insurance will help your company recover if a catastrophe occurs.

Commercial property insurance covers the following:


Additional Coverage

Pricing and Quotes

Pricing for business insurance will vary based on the type of insurance coverage and the risk profile of your business. Insurers consider factors such as:

Businesses with higher risks will have higher premiums than those deemed lower risk. For example, a DevOps consultancy with a history of frequent claims will face higher premiums. Premiums also rise as you increase the limits of insurance. Different insurance companies have different models for rating risks, so it is worth comparing pricing across different insurers.

In order to get an accurate estimate on pricing, it’s best to get a quote from a reputable insurance company. Below we’ve highlighted a few of our trusted partners who offer coverage for technology businesses:

ProviderGeneral LiabilityProfessional LiabilityBusiness Owner's Policy

Final Word

Your development operations company could be held liable for a variety of risks, from physical dangers such as fires and storms to cyberattacks and lawsuits brought by dissatisfied customers. It’s important to consider your business’s needs and purchase a range of insurance that will financially protect you in the event of an unexpected disaster or lawsuit. This will ensure that you and your clients will feel confident that your business will be able to cope with any major incidents that arise.

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