Industry
Insurance for IT Consulting & Managed Service Providers.
IT consultants and Managed Service Providers sit inside their clients' networks — which makes them a high-value attack target and a potential liability conduit. When an MSP's remote access tools or privileged credentials are compromised, the downstream impact to client networks can trigger claims that aggregate across dozens of affected organizations simultaneously, creating a concentration of liability risk unlike almost any other business model.
Insurance Programs for IT Consulting Firms and MSPs
IT consultants and Managed Service Providers sit inside their clients' networks — which makes them a high-value attack target and a potential liability conduit. When an MSP's remote access tools or privileged credentials are compromised, the downstream impact to client networks can trigger claims that aggregate across dozens of affected organizations simultaneously, creating a concentration of liability risk unlike almost any other business model.
How OnePark Risk Helps
OnePark Risk builds MSP and IT consulting programs with this aggregation risk at the center. We structure Tech E&O and Cyber Liability policies with per-occurrence and aggregate limits calibrated to your client portfolio size, negotiate contingent business interruption coverage for losses arising from your clients' network failures, and ensure your policy covers sub-contractor acts and omissions when you deliver work through a network of partners.
MSP and IT Consulting Insurance Essentials
- Tech E&O covering service failures that impact client operations
- Cyber Liability including downstream client notification costs
- Aggregated claim exposure across multiple affected clients
- Sub-contractor professional liability pass-through coverage
- Contingent business interruption from client network events
- Crime coverage for funds transfer fraud via compromised access