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Several factors can influence the cost of liability insurance for MSPs:

• Business Size and Revenue: Larger businesses with higher revenues typically face higher premiums due to the increased risk exposure.
• Scope of Services: The more complex and varied your services, the higher the potential for liability, which can increase your insurance costs.
• Claims History: A history of frequent claims can lead to higher premiums as insurers perceive a higher risk.
• Industry Standards: Compliance with industry standards and regulations can sometimes lead to discounts on premiums.