PI Insurance
Built for MSPs
Cyber Threat Insure is proud to launch our Professional Indemnity Insurance product designed, priced and underwritten in consultation with MSPs for MSPs MSSPs, Resellers and Security providers.
Are You Actually Covered?
Cyber Threat Insure is proud to launch our Professional Indemnity Insurance product designed, priced and underwritten by an MSP for MSP’s MSSP’s, Reseller’s and Security providers.
The ability to obtain effective Professional Indemnity Insurance for Service Providers is difficult with the substantial majority of insurers declining to provide coverage. A small pool of insurers provide coverage under limited circumstances.
The development of this product came from the stark realisation that so many providers have purchased a product of insurance that will not respond to a claim for the simple reason the Provider is not accurately represented to their insurer, resulting in a declined claim.
Your policy should note your business description as:
- Managed Service Provider
- Managed Security Service Provider
- ReSeller
- Security Provider
OR are your business activities noted as your Business Description?
- Data Processing/Warehousing Services
- Network Consulting
- General IT Services and Consulting
- IT Helpdesk & Network Support
- Re-Seller of Software and Hardware
- ISP Web Hosting
- IT Security Systems/ Consulting
- Telecoms Services
IF SO, YOU MAY BE UNINSURED
Cyber Threat Insure knows and understands the risks faced by MSP’s, MSSP’s, Re-Sellers and Security providers. Get the right advice and coverage that will respond to a claim. Don’t buy a piece of paper that you hope will respond when you need it the most. Don’t chance a declined claim!
Why is Professional Indemnity Insurance important?
Professional indemnity insurance serves as a vital layer of protection for managed service providers (MSPs) in Australia, who regularly offer specialised IT services, technical support, and strategic advice to clients. Due to the complexity and critical nature of their work, MSPs face potential risks such as service errors, system misconfigurations, or failure to meet contractual expectations. If a client experiences a financial loss as a result, they may initiate legal proceedings for negligence or breach of duty. PI Insurance helps MSPs manage such scenarios by covering legal defence costs, settlements, and compensation, allowing them to maintain business continuity and financial stability. The alternative could be financial ruin.