When working with large enterprise clients, insurance requirements become more stringent and complex. Many organizations require implementation vendors to carry specific insurance policies such as Professional Liability (Tech E&O), Cyber Insurance, Third-Party Liability, and more. In some cases, they even request to be named as additional insureds on the policy. That’s where Lamda comes in.
What Are the Key Risks for Microsoft Dynamics Implementation Firms?
- Errors in process planning, configuration, or mapping
- Misconfiguration of permissions or module compatibility
- Failures in critical data migration
- Breach of SLA or contractual obligations
- Client compensation demands — even without clear professional negligence
What Insurance Coverage Should Be Considered?
- Tech Errors & Omissions (Professional Liability) – Covers claims arising from financial loss due to professional errors, project failures, or contract breaches
- Cyber Insurance – Protection against data breaches, cyberattacks, and response/recovery costs
- Directors & Officers (D&O) Insurance – Personal coverage for executives facing regulatory investigations or shareholder claims
- General Liability – Covers bodily injury or property damage that may occur at the client’s site
- Employer’s Liability Insurance – Covers employee injuries sustained during work
- Property Insurance – Protects company equipment and associated tech assets
Why Choose Lamda?
- Deep expertise in insuring tech companies and software service providers
- Strong understanding of corporate and public-sector insurance requirements
- Rapid issuance of certificates, tailored policies, and contract-compliant solutions
- Next-day quotes available upon request
Key Considerations Before Purchasing a Policy
- Does the policy cover international client engagements?
- Is data loss covered even in the absence of a cyber breach?
- Can the policy be customized with specific extensions required by the client?
- Is the policy valid when contracting with governmental or regulatory bodies?
- Are subcontractors and external employees included in the coverage?
- Does the insurer provide expert support during a cyber event?