New Cloud Computing Insurance Attempts to Solve Cloud Liability Concerns For Service Providers
April 24, 2013
Grazed from Forbes. Author: Reuven Cohen.
Like it or not outages are part of life in today’s technology landscape. It seems hardly a day goes by without some kind of attack, outage or interruption. From hacking to power outages to regular old fashion hardware failures, the only certainty is at some point your systems will fail. While many in the industry use the build for failure mantra, many more risk adverse enterprises still need an extra bit of assurance.
Today the MSPAlliance in partnership with Lockton Affinity, the world’s largest privately owned independent insurance broker announced the availability of a new Cloud and Managed Services Insurance. The cyber insurance is aimed at service providers who require comprehensive protection…
TechTarget describes Cloud insurance as “an approach to risk management in which a promise of financial compensation is made for specific potential failures on the part of a cloud computing service provider. The insurance may be included as part of a service level agreement (SLA) with the provider or it may be purchase separately through a third-party insurance company who works with the provider.”…
Read more from the source @ http://www.forbes.com/sites/reuvencohen/2013/04/24/new-cloud-computing-insurance-trys-to-solve-cloud-liability-concerns-for-service-providers/