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  1. #1
    SitePoint Enthusiast
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    Website Insurance

    Just wondering if such a thing exists ?
    Id like to take insurance on some of my larger sites against hacking, hardware failiure etc. Id quite happily pay a monthly fee in the knowledge that if my business was wiped out tommorow I'd receive compensation.




  2. #2
    winter is around the corner Tomer's Avatar
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    Hmmm, I never heard about this.

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  3. #3
    Non-Member FighterSpirit's Avatar
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    If You Find that please send information ...

  4. #4
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    Will do, I have a mate who's an insurance broker - Ive got him on the case.




  5. #5
    Forum Buyer
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    *bookmarking this thread to watch for developments*
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  6. #6
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    I work for State Farm Insurance here in Cincinnati, Ohio and I've never heard of anything like this. Best of luck if you can find something, though.

  7. #7
    fad (n): a craze; interest... Fahd's Avatar
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    I guess that would be similar to insuring a business.

  8. #8
    Web Design Ireland cianuro's Avatar
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    Hmmmm, a niche market to be started?

    Anyone got a few million dollars to invest?

  9. #9
    SitePoint Zealot Trevelyan's Avatar
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    That's what backups are for.

  10. #10
    King of Paralysis by Analysis bronze trophy
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    Quote Originally Posted by Trevelyan
    That's what backups are for.
    Sadly most website owners rarely backup their stuff... I would assume that failure to backup would result in the cancellation of your policy though (if such a thing existed).

  11. #11
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    Quote Originally Posted by Trevelyan
    That's what backups are for.
    I run a website too large to effectively back up offsite, so it goes to a spare hdd. If a hacker gained access to the machine they could delete the backup.
    Also, while Im getting the site back up and running I would be losing a lot of money so the insurance could cover the downtime.




  12. #12
    SitePoint Addict Akela's Avatar
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    Very interesting topic.

    *subscribing*

  13. #13
    SitePoint Guru El Camino's Avatar
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    How would you demonstrate to the insurance co. that the damage (ie hacking) was not self inflicted? I can see insurance co.'s being hesitant to sell this type of insurance and really hesitant to pay out. Could be months before you see claims settled- ot not.

  14. #14
    Web Design Ireland cianuro's Avatar
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    Yea, agreed. It would be a huge undertaking and theres just too much grey area.

  15. #15
    SitePoint Wizard silver trophy KLB's Avatar
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    I spoke with our agent some time back about getting insurance for my web related activities, especially liablity insurance and he said it would be almost impossible to insure because insurance companies had no way of calculating risk. I couldn't even get professional liablity insurance for my website/database consulting/development activities.

    Basically ours is a profession without a safety net.
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  16. #16
    SitePoint Guru rashidr's Avatar
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    Never heared , but my friend's bro is working in insurance co. maybe he know something about this.

  17. #17
    SitePoint Zealot pacman2504's Avatar
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    Sorry, only just noticed this thread. I am an insurance broker and we specialise in liability cover for IT professionals (no, not a sales pitch - just thought I'd throw some light on this!)

    Cover is available for most risks at a price. However, web developers essentially need cover against errors or ommissions resulting in a financial loss to your client/customer for which YOU are liable, and this cover is readily available. So if a client brings proceedings against you for any error/ommission/negligent advice etc., the policy will cover the amount of the suit plus defence costs up to a limit selected by you.

    Let me give you an example:
    A web developer designed and installed a web-based system for one of his clients. Due to poor procedure he accidentally deleted the client's database (he thought he was working on a duplicate) and to add insult to injury, he also managed to knock out the backup, causing the client to lose a whole month of new customers. The client sued and the insurers agreed a settlement for a) the cost of extra work to repopulate the database and b) the consequential loss of income for new business not conducted due to loss of data.

    I realise that this thread is a little old now, but if anyone is still subscribed to it (UK only, I'm afraid) and needs any advice, let me know.
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  18. #18
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    You can get ANYTHING insured. Just search around google.

  19. #19
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    Can you buy protection from changes in Google's algo? ... I'm sure there'd be a lot of takers for that (though no insurance company dumb enough to provide a policy).

  20. #20
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    Awesome field for fraud....
    Chinese/russian/indian hackers will thrive...

  21. #21
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    In my experience insurance companies are quick to take your money but rarely like to give it out, especially with all the fraud. Too often there are clauses in the contracts where they make you PROVE you need the money and they look for any small excuse to not pay the claim.

    I have three personal examples, two of which they did not pay, the third which they almost didn't pay.
    1) I was rear ended while NOT moving, completely other guys fault. Insurance company almost made me pay the damn deductable! I wasn't even at fault. Idiots. THEY FINALLY PAID.
    2) Father on long-term, undiagnosed illness causing it to be too bad to work as he is in the trades. Was on short-term, when it went to long-term the insurance company is supposed to pay. The took two months (no pay for two full months) then they said, DENIED. Too sick to work, yet because its undiagnosed and he aint on any medication (you can't treat something when you dont know what it is) and therefore since he isn't being treated, DENIED. They look at reasons NOT to give money. Not why you need it. Can you survive without pay for months and months? They basically said he isn't being given any medication (because we all know that the magic pills cure everything, phhhh we wish...! No such thing as magic pill...)
    3) Storms causing leaky roof, causing some water damage, DENIED, doesn't cover that stuff.
    4) We always bought windshield insurance (it was only like $100 a year or less) and then every two years we would replace the windshield... well we went to apply to a different insurance company and they said you have a claim on your insurance so you are gonna be charged a lot. We said... NO we didnt get in any accident. Then they went ahead and said that the windshield is JUST as bad as it will hurt the rate we can give you. We paid EXTRA for the windshield insurance to begin with. SO what was the point of paying the windshield insurance? If you ever use it, they use it against you!!

    And bummer part is all this happened in 2005/2006 (yes this Jan '06). Do I have any faith in insurance companies? Unless your house is completely destroyed with a flood, tornado, huricane, fire, or you die, you will most likely not see any money from insurance companies. I guess you can prove your dead and collect personal life insurance, though you won't personally see it haha...

    SO for those reasons I really don't see a point to certain types of insurance. Some you need, but some you really don't. Website insurance... pointless. Trying proving it to them that you need the money... Yes they have to be careful with fraud... But they are still making RECORD profits...

  22. #22
    King of Paralysis by Analysis bronze trophy
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    Quote Originally Posted by Ulchie

    1) I was rear ended while NOT moving, completely other guys fault. Insurance company almost made me pay the damn deductable! I wasn't even at fault. Idiots. THEY FINALLY PAID.
    A deductible is a deductible, it doesn't matter who is at fault. If your insurance is paying out and not the at fault drivers then you shouldn't expect to get the deductible back. If you want a no deductible policy you need to pay extra to get it.


    2) Father on long-term, undiagnosed illness causing it to be too bad to work as he is in the trades. Was on short-term, when it went to long-term the insurance company is supposed to pay. The took two months (no pay for two full months) then they said, DENIED. Too sick to work, yet because its undiagnosed and he aint on any medication (you can't treat something when you dont know what it is) and therefore since he isn't being treated, DENIED. They look at reasons NOT to give money. Not why you need it. Can you survive without pay for months and months? They basically said he isn't being given any medication (because we all know that the magic pills cure everything, phhhh we wish...! No such thing as magic pill...)
    If they accepted your father's claim then anyone could walk in and say they are on disability with no medical documentation to back them up.


    3) Storms causing leaky roof, causing some water damage, DENIED, doesn't cover that stuff.
    That would depend on what is written in your policy.


    4) We always bought windshield insurance (it was only like $100 a year or less) and then every two years we would replace the windshield... well we went to apply to a different insurance company and they said you have a claim on your insurance so you are gonna be charged a lot. We said... NO we didnt get in any accident. Then they went ahead and said that the windshield is JUST as bad as it will hurt the rate we can give you. We paid EXTRA for the windshield insurance to begin with. SO what was the point of paying the windshield insurance? If you ever use it, they use it against you!!
    So you managed to get your entire car windshield replaced every two years for no reason for less than $200?

    I googled the cost of this and found quotes in the $500 per replacement so you saved a ton of money (http://www.windshieldstogo.com/wizard/?acct=w2g&step=5). Everyone knows that you don't make a claim against your insurance unless you absolutely have to, especially car insurance.

    Insurance is there to save you from catostrophic events like a total car write off. It's not worth putting in claims for a thousand here or there because in the long run your increased premiums will more than eat up any savings.

  23. #23
    Serial Publisher silver trophy aspen's Avatar
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    I've looked into getting insured as a web publish... couldn't find anything.
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  24. #24
    SitePoint Wizard silver trophy
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    I talked to my insurance company, also a client of mine, about getting insured. After several conversations they told me that as long as I didn't consider myself an ASP (application service provider) they might be able to get me liability insurance, but since I was hosting websites it was very unlikely. If it WAS possible, it's going to cost me an arm and a leg.

    I decided to form an LLC for legal protection against lawsuits. That's all liability insurance is anyway.

    Disability insurance is a joke too. You're 3 times more likely to get permenantly disabled and not be able to work than you are to die before retirement. So, disability insurance costs reflect that - it's EXPENSIVE!!! Much more expensive than life insurance - since it pays out until retirement age.

    I've got a life insurance policy and health insurance for my family. That's just about all we can afford right now. Of course we have insurance on the vehicles too...

    I'd love business insurance but with TOS's and not having any walk-in traffic, I don't really see much use. LIke mentioned above, they don't have to pay right away and you could still get sued regardless of insurance. There are loopholes everywhere and what's going to keep you in business while you have to pay all the lawyers waiting on the insurance company? Sometimes it'd just be easier to play the bankruptcy trump card and start over.

  25. #25
    SitePoint Wizard TheRedDevil's Avatar
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    It seems US is not the best country regarding insurance policies and costs.

    One of the insurances I got on my firm is full liability. And for that Im paying around $350 a year. The insurance is good for up to $900k in damages, but I need to pay additional $4k to "use" the insurance. I guess that is the reason why it has a cheap yearly rate.


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