With so many legal liabilities and risks inherent with running software services and web based applications over the internet you would have to be nuts not to purchase commercial cyber liability and errors & omissions insurance for your software startup or company. Software lawyer Andrew S. Bosin located in New Jersey outside of New York City represents clients in reviewing and providing legal advice about commercial insurance cyber liability and errors and omissions 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, Island, Tel Aviv, Israel, India, Melbourne, Sydney, Australia, Singapore, Tokyo, Japan, and Hong Kong, Shanghai, China.
If you own any type of software, technology, mobile app, SaaS, cloud, or web based company serving your application to customers over the internet and you don’t have commercial insurance you are playing with fire. As a software lawyer who also owns a global SaaS company I have been involved in negotiating SaaS commercial liability insurance policies. In this blog post, I’m not offering any legal advice about what type of insurance fits your SaaS company’s legal needs. Instead, I’m just sharing my own experiences in purchasing commercial general liability insurance for my SaaS company. At the end of the day, my company chose an errors and omissions insurance policy which included coverage for general liability issues in the event someone slipped and fell in our office or we got into an auto accident. A good errors and omissions policy should provide global coverage and also cover cyber liability, privacy liability, business and systems interruption, reputation and brand protection, kidnap and ransom, court attendance costs, and loss mitigation. One of the areas that you should consider coverage for is personal data or personally identifiable information (PII) especially if your application or service collects personal data such as names, addresses and credit card numbers. Your best bet is to hire an agent or broker who can submit your company for coverage to more than one or two global insurance companies. If you are bound with coverage and your broker/agent or their underwriters have no questions for you that to me is a red flag. Every startup should be prepared for a lot of questions about earnings, projected earnings and funding.
Please call Andrew S. Bosin, Esq. for a free SaaS Cloud legal consultation at 201-446-9643.
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Mobile App Attorney Andrew S. Bosin is located in New Jersey just outside of New York City and has a nationwide SaaS Software as a Service Law Firm serving clients in New Jersey, New York, Buffalo, Queens, Manhattan, New York City, Westchester County, Islip, Oyster Bay, Rochester, Utica, New Rochelle, Tonawanda, White Plains, Binghamton, Saratoga Springs, Rockland County, Brooklyn, Long Island, Albany, Syracuse, Suffolk County, Nassau County, Bronx, Staten Island, Allentown, Scranton, Lancaster, Harrisburg, State College, College Station, Boston, Hartford, Providence, Connecticut, Atlanta, Chicago, Washington D.C., Dallas, Florida, Ohio, California, Austin, Texas, Maryland, North Carolina, Massachusetts, Colorado, Utah, Oregon, San Antonio, Austin, San Diego, Los Angeles, Silicon Valley, San Francisco, Houston, Salt Lake City, Toledo, Akron, Dayton, Provo, Portland, San Jose, Miami, Tampa, St. Petersburg, Ft. Lauderdale, West Palm Beach, Broward County, Dade County, Newark, Delaware, College Park, MD, Cook County, Phoenix, Denver, Boulder, Ft. Collins, Nashville, Memphis, Kansas City, Raleigh, Charlotte, Indianapolis, Boise, Eugene, Manchester, Burlington, Philadelphia, Pittsburgh, Pennsylvania, Vermont, Rhode Island, Boca Raton, Arlington, Virginia, Alexandria, Virginia, Reston, McLean, Cambridge, Quincy, Riverside, San Bernadino, Minneapolis, St. Louis, Cleveland, Columbus, Baltimore, Sacramento, Cincinnati, Orlando, Las Vegas, Round Rock, San Marcos, Louisville, Richmond, Tempe, Southbend, Bloomington, Knoxville, Oxford, Tuscon, Long Beach, Ames, Ft. Collins, Lawrence, Blacksburg, Charlottesville, Champaign, Oklahoma City, Birmingham, Salt Lake City, Baltimore, Mobile, Alabama, Utah, Washington, Seattle, Oregon, Portland, Eugene, Sacramento, Pittsburgh, Wake County, King County, Redmond, Kirkland, Bellevue, San Mateo County, Contra Costa County, Cupertino, Los Gatos, Sunnyvale, Mecklenburg County, Jacksonville, Gainesville, Boynton Beach, Orange County, Palo Alto, Harris County, Waco, Columbia, Missouri, Tarrant County, Bucks County, Lehigh County, Bethlehem, Pennsylvania, Burlington, Portland, Maine, Manchester, Concord, Nashua, Cambridge, London, Paris, UK, England, Dublin, Scotland, Edinborough, Amsterdam, Germany, Munich, Berlin, Madrid, EU, European Union, Spain, Austria, Vienna, Geneva.