I've a table with a field
INSERT INTO `money_accounts` (`balance`) VALUES (9999999999.99);
Out of range value for column balance
If we read the documentation: http://dev.mysql.com/doc/refman/5.7/en/out-of-range-and-overflow.html
When MySQL stores a value in a numeric column that is outside the permissible range of the column data type, the result depends on the SQL mode in effect at the time
If strict SQL mode is enabled, MySQL rejects the out-of-range value with an error, and the insert fails, in accordance with the SQL standard.
If no restrictive modes are enabled, MySQL clips the value to the appropriate endpoint of the range and stores the resulting value instead.
So it means that You should set necessary sql mode that will not fail when out-of-range error happens.
There is no config parameter about that.
And resolution of same issue we can see here that says that disabling
STRICT_ALL_TABLES modes can fix Your problem.