New Insurance Program Delivers Protection for Both Cloud and Managed Service Providers, and Their Customers
Chico, CA (April 24, 2013) – The International Association of Cloud & Managed Service Providers (MSPAlliance), today announced its new Cloud and Managed Services Insurance Program. Brokered by Lockton Affinity, the MSPA Cloud Insurance Program will offer comprehensive protection for cloud and managed service providers (MSPs) worldwide.
Features of the MSPAlliance Cloud and Managed Services Insurance Program include:
- Online self service via link from your vendor page
- Coverage can be bound within 24-72 hours
- Certificates of coverage available on demand
- Technology E&O
- Cyber liability
- Contractual liability
- General Liability
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.
“This new program will bring low cost, high quality insurance to our members who are in need of such risk mitigation products as they protect their customers from cyber threats,” said Charles Weaver, CEO of MSPAlliance. “In addition, this program will help expedite the underwriting process for getting coverage, which has typically been a big problem for many service providers.”
“I am happy to be leading this new initiative to bring affordable managed services and cloud insurance to MSPAlliance members,” said Bill Klein, director of Insurance Services for MSPAlliance. “These policies are uniquely created for cloud and managed service providers and can provide tremendous risk mitigation for both the provider and their customers.”
For more information on the MSPA Cloud Insurance Program please call 888-490-9143, e-mail MSPAlliance@locktonaffinity.com, or visit http://www.mspalliance.com/membership/cloud-msp-insurance/