If you enter into a SaaS agreement as a SaaS provider you should give serious thought to protecting your company’s assets by purchasing commercial liability insurance coverage which should cover cyber liability. Commercial liability insurance covers the liability of the SaaS provider vendor to third parties, end-users and customers for damages and claims arising out of the activities and conduct of the supplier in providing the SaaS services and applications.
Leading SaaS lawyer Andrew S. Bosin located in New Jersey near New York City represents clients in reviewing, negotiating and providing legal advice about SaaS commercial insurance liability policies and coverages in the United States, Europe, globally, internationally, US, New Jersey, New York City, Brooklyn, Boston, Rhode Island, Buffalo, Syracuse, Albany, Long Island, Connecticut, Chicago, Illinois, Maryland, Delaware, Miami, Orlando, Jacksonville, Sarasota, St. Petersburg, Ft. Lauderdale, Florida, Dallas, Austin, Houston, Texas, Los Angeles, San Diego, Seattle, Silicon Valley, Orange County, Sacramento, San Francisco, California, Phoenix, Salt Lake City, St. Louis, Nashville, Kansas City, Minneapolis, Washington DC, Indianapolis, Charlotte, Raleigh, North Carolina, Alaska, Hawaii, Atlanta, Philadelphia, Idaho, Canada, Toronto, Edmonton, Calgary, Vancouver, EU, London, UK, England, Berlin, Hamburg, Munich, Germany, Amsterdam, France, Italy, Sweden, Denmark, Finland, Ukraine, Czech Republic, Hungary, Dublin, Ireland, Glascow, Edinborough, Scotland, Tel Aviv, Israel, India, Melbourne, Sydney, Australia, Singapore, Tokyo, Japan, and Hong Kong, Shanghai, China.
Usually SaaS suppliers take out IT specific cyber insurance to cover the following risks:
- damage to hardware and/or software;
- loss or damage to data or computer records;
- infringement of the intellectual property rights of third parties;
- breaches of data protection law;
- defects in computer programmes;
- physical damage to customer property;
- injury to visitors.
Call SaaS lawyer Andrew S. Bosin for a free consultation at 201-446-9643.
www.njbusiness-attorney.com – 201-446-9643.