Monday.com is one of the fastest-growing project management and CRM platforms, both in the local and global markets. Many companies offer implementation and onboarding services for Monday.com, helping organizations, businesses, and tech firms customize workflows, boards, system integrations, and business automations.
But when it comes to automation, small mistakes can escalate quickly. A single error can duplicate records, delete essential data, or disrupt a critical process within the client’s system. Even with the best intentions, implementation providers face potential lawsuits, compensation claims, and reputational risks.
What Are the Risks for Monday.com Implementation Companies?
- Faulty automations causing operational or financial damage
- Poor integrations between Monday and other systems (e.g., accounting, HR, ERP)
- Data migration failures or data loss
- Project delays or failure to meet client requirements
- Inadequate process documentation leading to internal errors on the client side
Which Insurance Coverages Are Suitable for Monday.com Implementation Companies?
- Professional Liability Insurance (Tech E&O) – Covers claims for damages caused by implementation errors or issues during service delivery
- Cyber Insurance – Especially important when handling sensitive data or working with cloud-based systems
- Directors & Officers (D&O) Insurance – Protects company executives from personal lawsuits
- Third-Party Liability Insurance – Covers physical or property damage while working at a client’s site
- Employers’ Liability Insurance – Protects the business in case of work-related employee injuries
- Property Insurance – Covers the company’s equipment, computers, and servers against damage or theft
Insurance That Meets Monday.com’s Partner Requirements
Official partners and resellers of Monday.com may be required to carry specific types of insurance under commercial agreements with the company. We offer tailored insurance solutions that meet these demands – including high liability limits, international coverage, and specific endorsements required by Monday.com as part of its certification or partnership process.
Why Lamda?
- Proven experience with clients in the Monday.com implementation and consulting space
- Deep understanding of the intersection between insurance, technology, and legal contracts
- In-house legal and insurance team with expertise in the tech sector
What to Check Before Buying Implementation Insurance?
- Does the coverage include unexpected damages caused by automation errors?
- Does the policy cover API or integration-related failures?
- Are subcontractors included in the policy?
- Is the coverage compliant with international client requirements?
- Can the policy be extended to include ongoing consulting or maintenance services?