On 29 April 2010 09:34, Liam McLennan <[email protected]>wrote:
> I ended up with CGU insurance through OAMPS. I doubt if they know what SaaS > is. > All of the insurers forms are remarkably the same (some sort of industry body must make them up to make the life of brokers easier). We do the professional services IT one, but there are standardised sections in there where you need to provide additional information if your revenue from hosting is more than 25% of gross, for example. They then require that you fill out supplementary doco. The Marsh and Centrepoint forms were almost the same and both had sections asking very specific questions around managing customer information, providing access to applications and so on. A SaaS business would easily be teased out by them and charged according to risk. Make sure you send lots of supporting stuff like example project specifications and work breakdown structures and so on. The first year I did that our premium dropped by $2k. Any evidence you have on standard operating procedures that mitigate risk will save you premium $. -- David Connors ([email protected]) Software Engineer Codify Pty Ltd - www.codify.com Phone: +61 (7) 3210 6268 | Facsimile: +61 (7) 3210 6269 | Mobile: +61 417 189 363 V-Card: https://www.codify.com/cards/davidconnors Address Info: https://www.codify.com/contact
