Apr 2, 2008 : MSPAlliance Offers Insurance Program
📅 - MSPAlliance (mspalliance.com), the international association of managed service providers, announced on Wednesday it has launched its new professional liability insurance (mspalliance.com/insurance), offered exclusively to MSPAlliance members that are in good standing with the association.
Underwritten by Lloyd's of London (lloyds.com) and brokered by insurance and risk management intermediary, Hilb Rogal & Hobbs (hrh.com), this new program marks the first professional liability insurance product specifically designed for MSPs.
At a starting price of less than $3,000, the MSPAlliance Professional Liability Insurance offers managed service providers an affordable cost structure that takes into consideration the risk management benefits derived by being a member of MSPAlliance, says the company.
Companies who have passed the Managed Services Accreditation Program exam will be able to access additional benefits. The program also offers additional coverage options for network security and privacy, general liability, directors and officers, and employment practices liability. Finally, claims against insured MSPs will be defended by managed services legal experts at Scott & Scott LLP (scottandscottllp.com).
"The MSPAlliance Professional Liability Insurance is a significant advancement for MSPs," says Charles Weaver, president of MSPAlliance. "MSPs now have access to comprehensive professional liability insurance specifically tailored for them, due in large part to the higher degree of professionalism we require and obtain from our members."
The association boasts 5,000 members comprised of professional managed service providers and technology enablers worldwide, making it the largest organization of its kind.
Launched in fall 2007, the MSPAlliance's Vendor Accreditation Program is the only accreditation program in the industry. The program is based on four criteria, which looks at the vendor's business practices, product portfolio, financial analysis and MSP specific client references.
Underwritten by Lloyd's of London (lloyds.com) and brokered by insurance and risk management intermediary, Hilb Rogal & Hobbs (hrh.com), this new program marks the first professional liability insurance product specifically designed for MSPs.
At a starting price of less than $3,000, the MSPAlliance Professional Liability Insurance offers managed service providers an affordable cost structure that takes into consideration the risk management benefits derived by being a member of MSPAlliance, says the company.
Companies who have passed the Managed Services Accreditation Program exam will be able to access additional benefits. The program also offers additional coverage options for network security and privacy, general liability, directors and officers, and employment practices liability. Finally, claims against insured MSPs will be defended by managed services legal experts at Scott & Scott LLP (scottandscottllp.com).
"The MSPAlliance Professional Liability Insurance is a significant advancement for MSPs," says Charles Weaver, president of MSPAlliance. "MSPs now have access to comprehensive professional liability insurance specifically tailored for them, due in large part to the higher degree of professionalism we require and obtain from our members."
The association boasts 5,000 members comprised of professional managed service providers and technology enablers worldwide, making it the largest organization of its kind.
Launched in fall 2007, the MSPAlliance's Vendor Accreditation Program is the only accreditation program in the industry. The program is based on four criteria, which looks at the vendor's business practices, product portfolio, financial analysis and MSP specific client references.
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