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Professional services

IT services & MSPs

IT service providers and managed service providers supporting client networks and systems.

Why it needs cover

The exposure

A mistake, outage, or breach affecting a client can trigger both E&O and cyber claims; MSPs specifically need technology E&O that bundles the two.

What we place

Coverages this class usually needs

Technology E&O (Tech E&O)Often (contract)
Bundles professional liability and cyberService failures and breaches
CyberOften (contract)
Data breach and network securityHandles client data/networks
General liabilityOften (contract)
Premises/third-party claimsClient-site work
Business owners policy (BOP)Optional
GL + property bundleOffice/equipment
What it costs

National benchmark premiums

Rated on: Annual revenue

General liability
IT consultants average $31/mo
Professional liability / E&O
IT E&O averages $75/mo
Cyber
IT businesses average $179/mo
Total annual (typical)
roughly $1,500-$4,000/yr for a small MSP

Pricing figures are national typical or median ranges for small operators at commonly quoted limits, drawn from the published sources named on each page. They are budgeting benchmarks, not quotes. Your premium depends on state, payroll, revenue, limits, deductible, and loss history.

Sources: Insureon (IT Consultant / Cyber cost).

When it goes E&S

Where this risk gets hard to place

MSPs with large client networks and prior breach claims commonly place cyber/tech E&O in specialty markets.

Contact

Talk to us about IT services & MSPs.

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