- MSP Sources of Risk
- Risk Management and Managing Liability
- Writing an MSP Contract
- Insurance Requirements for MSPs
- Managed Service Provider Policy & Procedures
- Intellectual Property
- Customers
- Vendors and Channel Partners
- Employees
- Criminal Activity
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Managed service providers (MSPs) face more risks than ever before and, as a result, require more legal protections. These risks include not only data privacy and cybersecurity issues but also challenges related to technology, compliance, profitability, and vendors – not to mention ever-increasing competition. It’s a lot, but a steadfast risk management and liability-limiting plan can help pave the way for you to continue growing your business with confidence. Take the first step toward enhanced protections by consulting with a dedicated software and technology attorney today.
The contract is a key component of a managed service provider’s relationship with clients. There may be serious reputational and legal consequences if you do not include comprehensive information that clearly details the responsibilities of both parties and reduces your risk.
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As a managed service provider (MSP), you naturally face significant risk, which makes the insurance component of your managed service agreement (MSA) critical.
Too often, MSP contracts are weak on the matter of insurance, which can leave you unnecessarily vulnerable. If you’re an MSP with contract concerns, connect with an established MSP attorney today.
With the tightening of data protection laws that followed the introduction of GDPR over two years ago, enforcement actions have already begun to be more widespread.
Stay alert and address your policies and procedures if you have not done so already. This should include updating consumer privacy policies, developing robust incident response structures, notifying customers as policies change, understanding all data flows in your company, and tracking the developments of privacy laws.
