Insurance for Financial Technology (FinTech) Companies
The Financial Technology (FinTech) sector is one of the most exciting and fastest growing sectors in the UK. The risks faced by Financial Technology companies are unique. Financial Technology companies often face similar exposures to traditional technology and software companies, such as software failures/glitches, server downtime and cyber threats. But in addition to the traditional software and hardware related risks, there is the additional complexity of the regulatory risks, especially if your business is supervised by the Financial Conduct Authority.
Financial Technology (FinTech) Insurance: Get the necessary advice
Not many insurance brokers will have the necessary experience and expertise required to advise Financial Technology companies on their insurance requirements. Having insured Financial and Software companies, separately for a number of years, we see this growing sector as one that needs tailored insurance cover and specialist advice.
We provide insurance for a number of FinTech companies already. Importantly, no two FinTech Companies are the same. We believe it is important to take the time to understand your requirements as a FinTech company. Once we understand your business, we can begin to understand the most critical risks to your business, whether software, hardware, cyber or regulatory, and subsequently advise you on what insurance is required for your Financial Technology company.
We can provide the following insurance modules for Financial Technology Companies:
- Professional Indemnity Insurance
- Directors’ and Officers’ Insurance
- Crime Insurance
- Cyber and Data Insurance
The insurance for Financial Technology Companies is often available on a combined basis, covering Professional Indemnity, Directors’ and Officers’ Liability and Crime under a single insurance package.