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  1. #1
    Join Date
    Jun 2004
    Posts
    105

    Need Insurance Advice Fast!

    In order to host my servers at any datacenter I have to have insurance. The one in particular requires 500k in liability insurance.

    Is this is the case with every data center?

    If so;

    1. Who insures you?
    2. How much is your insurance for?
    3. What is your monthly premimum?
    Last edited by 2kau; 02-02-2006 at 04:43 PM.

  2. #2
    Join Date
    Jun 2005
    Location
    New Jersey
    Posts
    219

    Insurance advice

    This was mentioned in another topic similar to this. They come highly recommended because they know what you need and tech sector insurance is what they do. http://www.techinsurance.com/default.aspx

  3. #3
    Join Date
    Jun 2004
    Posts
    105
    Thanks. Is there any other companies? I am located in Texas.

    When I tried to explain to the local insurance companies they were like we have no clue and we can't help.

  4. #4
    Join Date
    Mar 2003
    Posts
    1,584
    USAA https://www.usaa.com/inet/ent_logon/Logon

    They found an underwrite and it was very well priced, you have to take the time to explain it.

  5. #5
    Join Date
    Jun 2004
    Posts
    105
    USAA is for military people

  6. #6
    Join Date
    Jun 2001
    Location
    Denver, CO
    Posts
    3,302
    http://www.ccbsure.com/ is another. We actually moved our coverage over to techinsurance.com, as their rates were very competitive and they were very helpful and professional.
    Jay Sudowski // Handy Networks LLC // Co-Founder & CTO
    AS30475 - Level(3), HE, Telia, XO and Cogent. Noction optimized network.
    Offering Dedicated Server and Colocation Hosting from our SSAE 16 SOC 2, Type 2 Certified Data Center.
    Current specials here. Check them out.

  7. #7
    Join Date
    Mar 2003
    Posts
    1,584
    So.....joint the Army.......they could use additional good men.

    Sorry...I forgot.....If your parents were in the military they will take you...

  8. #8
    Join Date
    Jun 2004
    Posts
    105
    Is this normal?

    Does everyone who colocate servers HAVE to have insurance or does it depend on the data center.

  9. #9
    Join Date
    Feb 2002
    Location
    New York, NY
    Posts
    4,618
    Quote Originally Posted by 2kau
    Is this normal?

    Does everyone who colocate servers HAVE to have insurance or does it depend on the data center.
    Most data centers require that you have general liability insurance. Our data center requires us to have $2 million worth.
    Scott Burns, President
    BQ Internet Corporation
    Remote Rsync and FTP backup solutions
    *** http://www.bqbackup.com/ ***

  10. #10
    Quote Originally Posted by music
    They found an underwrite and it was very well priced, you have to take the time to explain it.

    Sorry for bumping an old thread, but does anyone have advice on how one can explain it properly to the insurance companies?

  11. #11
    We've been using http://www.ccbsure.com/ for the last 10 years. Never had a claim, but they have always been helpful when I had questions about our coverage. We never had to explain anything to them because they only work with underwriters that already understand computer and software related industries.

    The underwriter was Kemper for a few years, something else for another few years, and now it is CCNA and has been for quite awhile.

    As for trying to get an underwriter to understand anything, unless he/she is a blood relative, forget it. They tend to be the most hard headed of all bureaucrats you'll run into. They're right up there with bankers and the county assessor. If it isn't in their policy book, it doesn't exist or is too risky to insure.
    Sincerely,
    Andrew Kinney
    CTO, Advantagecom Networks
    http://www.SimplyWebHosting.com

  12. #12
    Join Date
    Aug 2005
    Location
    PA
    Posts
    324
    Geico resells various insurance products for others. Last time I got a quote from them, it was about $350 per year for $1 million in liability insurance.
    reliable colocation ... Dedicated Servers | Dedicated Server VMs | FAST links to Vitelity.com and Conexiant.net
    patrick@zill.net Cell +1.717.201.3366

  13. #13
    That sounds about right. We pay close to $4,000 a year for insurance, but we also have a goodly amount of property insurance and fire legal liability insurance for our building.
    Sincerely,
    Andrew Kinney
    CTO, Advantagecom Networks
    http://www.SimplyWebHosting.com

  14. #14
    Join Date
    Oct 2004
    Location
    Las Vegas NV
    Posts
    15

    Business Insurance

    You want business insurance, and the colocation facility is an additonal leased location.
    ANY business insurance agency should be able to help you.

    If your primary office is out of your home, then your home is the primary location.

    You should expect to pay by the YEAR not the month. Generally any place that you rent any physical space from will require the insurance, whether its an office or a colo.

    You can avoid this by leasing servers. Once you have the colo listed as an additional insured location the ins co. will send a certificate of insurance every year or will notify the colo if you cancel or are cancelled.

    I can't belive that an agent didn't know what general liability insurance was.

    Also you can obtain coverage on your servers and other busines equipment if you want in the same policy.

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