So, I own a software company that allows businesses to create intranets and other systems.
Obviously there is some sensitive data that can be hosted in these systems like company files, user accounts, user meta-data. I have a potential client asking about Errors and Omissions insurance, liability insurance.
I'm kind of winging this side of it, I've pitched to multiple companies, already have a big client, and no one has ever asked..
I always assumed I would be more the one taking the risk should a data breach occur (as unlikely as it is). I'm assuming they think it's a risk that we'd be worth nothing should they sue us?
How common does this come up, and is it typically a deal breaker?
Obviously there is some sensitive data that can be hosted in these systems like company files, user accounts, user meta-data. I have a potential client asking about Errors and Omissions insurance, liability insurance.
I'm kind of winging this side of it, I've pitched to multiple companies, already have a big client, and no one has ever asked..
I always assumed I would be more the one taking the risk should a data breach occur (as unlikely as it is). I'm assuming they think it's a risk that we'd be worth nothing should they sue us?
How common does this come up, and is it typically a deal breaker?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
