How Much Is Business Insurance
for Database Admins (DBAs)?

The cost of insurance for your database administration company depends on the amount of business you do, your past insurance history, and the size of the company, and other factors.

Where can you find a reliable IT insurance cost estimate for database admins? At insureon, we've helped over 1,000 DBAs find business insurance to cover their professional and data liabilities, so we have the data available to give you a ballpark figure.

Let's look at the median cost that our small business DBA clients pay for their insurance coverage.

HOW MUCH IS
General Liability Insurance?

How Much Does General Liability Insurance Cost?

General Liability Insurance covers DBAs for their "general" business risks: paying for lawsuits over slip-and-fall accidents, property damage, bodily harm, copyright infringement, and libel / slander. When clients, customers, and other "third parties" sue your business, GL Insurance covers your legal expenses, lawyers' fees, and the damages you owe the injured party.

Commercial General Liability Insurance costs the typical database administrator $425 to $429 in annual premiums.

Median Premiums, Limits and Deductibles on General Liability Insurance for Database Admins (DBAs)
Name USD

Median policy premium:

$425 - $429

Median policy limit:

$2 million

Median policy deductible:

None

To see how the cost of General Liability Insurance for database admins (DBA's) compares with other industries, visit Insureon's General Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
a Business Owner's Policy?

How Much Does a Business Owner's Policy Cost?

Many DBAs have a Business Owner's Policy, which offers lower insurance rates on two policies: General Liability Insurance (see above) and Commercial Property Insurance.

Commercial Property Insurance covers your DBA company's equipment, technology, and other physical property. Your insurance reimburses you if this property is lost or damaged by fire, theft, and other events covered by your policy.

The typical DBA firm pays $500 to $542 in annual BOP premiums.

Median Premiums, Limits and Deductibles on Business Owner's Policies Insurance for Database Admins (DBAs)
Name USD

Median policy premium:

$500 - $542

Median policy limit:

$2 million

Median policy deductible:

$250

HOW MUCH IS
Commercial Auto Insurance?

How Much Does Commercial Auto Insurance Cost?

Depending on the needs of your database admin business, Commercial Auto Insurance can cover auto accident lawsuits, auto repairs, and your expenses when an uninsured driver hits your business vehicle. This coverage insures cars that your business owns, but if you want to insure personal cars that are used for work purposes, ask your agent about Hired and Non Owned Auto Insurance.

The typical Commercial Auto Liability Insurance policy costs DBAs $2,018 to $3,863 in annual premiums

Median Premiums, Limits and Deductibles on Commercial Auto Insurance for Database Admins (DBAs)
Name USD

Median policy premium:

$2,018 - $3,863

Median policy limit:

Varies

Median policy deductible:

None (liability only)

HOW MUCH IS
E&O Insurance?

How Much Does Errors and Omissions / Professional Liability Insurance Cost?

Whether you're hired as a consultant, contractor, or project manager, you often need Errors and Omissions Insurance (aka Professional Liability Insurance) in order to sign a contract. Many clients require their DBAs to have this coverage because it covers your professional mistakes.

If a data migration project falls behind schedule or you make a mistake in your work, E&O covers the cost of a lawsuit. This policy covers lawsuits over data loss, client data breaches, and other IT liabilities.

The typical database administrator pays $700 to $1,315 for their E&O Insurance coverage each year.

Median Premiums, Limits and Deductibles on E&O Insurance for Database Admins (DBAs)
Name USD

Median policy premium:

$700 - $1,315

Median policy limit:

$1 million

Median policy deductible:

$2,500

To see how the cost of Errors and Omissions Insurance for database admins (DBA's) compares with other industries, visit Insureon's Professional Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
a Fidelity Bond?

How Much Do Fidelity Bonds Cost?

If your clients work in the financial services sector or other industries concerned about theft and fraud, you might have to purchase a Fidelity Bond. This insurance covers you if an employee commits theft or fraud against one of your clients.

The typical database admin pays $674 to $1,481 a year for Fidelity Bond coverage.

Median Premiums, Limits and Deductibles on Fidelity Bond Insurance for Database Admins (DBAs)
Name USD

Median policy premium:

$674 - $1,481

Median policy limit:

Varies

Median policy deductible:

$10,000

HOW MUCH IS
Workers' Comp?

How Much Does Workers' Compensation Insurance Cost?

Almost every state requires small-business employers to have Workers' Compensation Insurance, and if your database admin business needs this coverage, we can help you find an affordable policy that fulfills your state requirements. Workers' Comp pays your employees' lost wages and medical costs if they are injured at work. Many Workers' Compensation policies also include Employer's Liability Insurance to cover your legal expenses if an employee sues you over a workplace injury or illness.

To meet their state requirements, DBAs typically pay $351 to $571 a year for Workers' Comp coverage.

Median Premiums, Limits and Deductibles on Workers' Comp Insurance for Database Admins (DBAs)
Name USD

Median policy premium:

$351 - $571

Median policy limit:

$1 million

Median policy deductible:

None

If you're unsure about your legal requirements, check your state Worker's Comp laws New browser window icon..

To see how the cost of Workers' Compensation Insurance for database admins (DBA's) compares with other industries, visit Insureon's Workers' Compensation Insurance Cost Analysis New browser window icon..

Get Free Insurance Cost Estimates

Free Insurance Cost Estimates for Database Administration Small Businesses

To learn more about the cost of small business insurance for DBAs, submit an online insurance application and receive free insurance quotes tailored to your business.

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