Get insurance quotes for data scientists
Save money by comparing insurance quotes from multiple carriers.
Choose from the nation's best insurance providers
Why do data scientists need insurance?
Your clients rely on your data to run their business. If an error causes a client to lose money or make a poor decision, the result could be a lawsuit. Protect yourself from legal fees, medical bills, and other expenses with the right insurance coverage for data scientists.
Get same-day insurance
With Insureon, data scientists and other business intelligence (BI) experts can get coverage the same day they apply for quotes.
Fill out our easy online application to find quotes from top-rated providers.
What types of business insurance do data scientists need?
These policies provide coverage for the most common risks in data science.
Technology errors and omissions insurance
Technology errors and omissions insurance, or tech E&O, covers lawsuits alleging negligence in your work. Some providers will let you add an endorsement for SLA breaches.
BEST FOR
- Downtime that impacts clients
- Data breach lawsuits
- Errors and oversights
Cyber insurance
This policy helps data scientists recover financially after a data breach or cyberattack. It's recommended for any business that stores personal information.
BEST FOR
- Data breach investigations
- Client notification costs
- Fraud monitoring services
General liability insurance
This policy covers basic data science business risks, such as client injuries and client property damage. Bundle it with property insurance for savings in a business owner’s policy.
BEST FOR
- Slip-and-fall accidents
- Damaged customer property
- Libel or slander lawsuits
Fidelity bonds
Fidelity bonds compensate your clients if an employee at your data science business steals from them. Your clients might require you to purchase a bond.
BEST FOR
- Unlawful data access by an employee
- Unauthorized money transfers
- Other employee theft or fraud
Workers’ compensation insurance
Most states require workers' comp for data science businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
BEST FOR
- Employee medical expenses
- Disability benefits
- Lawsuits from work injuries
Commercial auto insurance
This policy covers the cost of an accident involving a vehicle owned by a data science business. Most states require this coverage for business-owned vehicles.
BEST FOR
- Injuries caused by a company vehicle
- Accidental property damage
- Vehicle theft and vandalism
Looking for different coverage? See more policies.
How much does data scientist insurance cost?
A data scientist who works independently will pay less for insurance than a larger business.
Average data scientist insurance costs are:
- E&O insurance: $65 per month
- General liability: $30 per month
Underwriters look at the following factors when calculating your premiums:
- IT / tech services offered
- Business property and equipment
- Business revenue
- Years of experience in your field
- Policy limits and deductibles
- Claims history
How do I get data scientist insurance?
It's easy to get business insurance for data scientists, data analysts, and data engineers if you have your company information on hand. Our application will ask for basic facts about your company, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
- Complete a free online application.
- Compare insurance quotes and choose a policy.
- Pay for your policy and download a certificate.
Insureon's licensed agents work with top-rated U.S. insurers to find coverage that fits your data science company, whether you work in data visualization, machine learning, predictive modeling, or a related field.
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.