FinTech Insurance

How best to secure insurance cover for your FinTech business?

Whether you operate a start-up or a mature business, we can help identify affordable FinTech insurance that meets your needs. The financial technology space can be challenging for insurers, therefore it's best you work with a specialist broker.

 FinTech Insurance from Willis Towers Watson Network

Who are the market leading FinTech insurance companies and why you need a broker?

As a Willis Towers Watson Network Broker, we work with the leading FinTech insurance companies to identify covers such as, professional indemnity (E&O), directors and officers, cyber insurance, crime insurance, and office insurance. Start the process by arranging a call with one of our expert brokers.

What is FinTech insurance?

FinTech insurance is a selection of covers that offer financial protection against unexpected events, purchased by businesses that use technology to support or enable financial services.

Typically, the covers purchased will include professional indemnity, cyber insurance, directors and officers, crime insurance, and office insurance. Additional covers may include keyperson insurance and business travel insurance.

We work with several insurers which can consider offering insurance protection to fintech’s. We’ve put together the below expert guide to identify what covers are typically purchased, what protection they can offer and some of the challenges.


 Find Fintech Business Insurance

What you need to know about FinTech insurance?

The purchase of FinTech insurance is best utilised to cover high severity and low frequency events. B2C FinTech models can make obtaining professional indemnity cover challenging for innovative business models, unless the insurer has sufficient claims experience within the financial sector you operate. 


Compare FinTech insurance with Get Indemnity™ and take advantage of our expertise and market access

Talk to a specialist insurance broker about your specific needs to ensure tailored cover against your business risks

What types of business insurance are commonly sought by FinTech companies?

The most important Fintech business insurance will depend upon the nature of your services you provide to your clients. We would recommend you take a holistic approach because it’s the combination of covers which provides the best protection. Below we've produced a guide about the different types of coverage most companies commonly purchase.

Professional Indemnity

Professional indemnity (otherwise known as Tech E&O) can offer financial protection against claims made by your clients if your FinTech services or products fail causing them a financial loss.

Directors & Officers

D&O Insurance provides financial protection to the senior individuals whilst acting in a managerial capacity. Shareholders may request the cover is purchased as a prerequisite to a funding round.

Intellectual Property

Intellectual Property insurance provides cover against the legal costs from pursuing infringement or theft of Intellectual property against others or the legal defence costs for your business if accused of IP infringement or theft.

Commercial Crime

Commercial crime insurance can provide protection from financial losses related to business-related crime, including theft by employees, forgery, robbery, and electronic crime.

Key Person Insurance

Key Person insurance can be arranged to offer protection against major financial harm incurred due to a significant employee passing away or becoming ill.

Importance of FinTech D&O insurance

In a rapidly changing environment, regulations are constantly evolving. Failure to comply with regulations can have serious consequences for both the FinTech and the individuals involved with the business. 

Directors’ and officers’ insurance is a key protection purchased by the company for the senior individuals making decisions, as individuals can be held personally liable from claims arising from a variety of sources, including shareholders, regulators, creditors, and employees.

Without a trading history and the stability offered by a stable cash flow, makes identifying startup FinTech D&O difficult. Evidence of a business plan, complete proposal form and cash flow forecast will be required to secure the cover.

Specialising in InsurTech, Payment Gateways, and RegTech

We work with a wide range of FinTechs operating in specific niches of the financial services market. Over the years we have developed a specialism in insurtechs, payment gateways / processors and regtech. The driving force behind arranging policy cover will typically be risk mitigation, contractual requirements, or regulatory requirements.



Otherwise known as insurance technology, combines the use of technology and data with offering a service within the insurance sector.

 Payment Services

Payment Services

Payment gateways or services will process high volumes of sensitive data that could be stolen and used for fraudulent purposes.



Otherwise known as regulation technology, combines the use of technology and compliance / regulation to create efficiencies.

Arrange a call with one of our specialist FinTech brokers to discuss your business needs

We can access a wide range of insurers and Lloyds of London syndicates

We can also accommodate the following FinTech insurance requirements

Digital banking

Trading Platforms

Blockchain and Crypto

Investment Managers

Private Equity Firms

Regulated Lenders

Frequently asked questions

Why do we need fintech insurance?

With a common reliance on networks, systems, data, cloud technology, and outsourced service providers, means that FinTech companies and their directors are exposed to a wide range of financial risks. Mitigating those risks, as well as meeting regulatory and contractual requirements is vitally important.

What additional information may we need to provide?

Regulatory business plans, risk management processes, cyber security controls, group structure chart, financial projections, cash flow forecasts, are commonly requested to demonstrate your risk adverse nature and competence.

How long does the process to secure cover take?

The process can take a couple of weeks to solicit quotes, once we obtain adequate information for insurers to underwrite your risk exposure. There may be further questions asked, and potentially a call with the insurers depending upon the size of the business.

What additional fintech insurance covers should we consider?

Office insurance is commonly purchased by FinTechs and can include employers liability, public liability, computer equipment (in and away from the office) and general contents. If your employees are travelling, we would also recommend a business travel insurance policy to cover your liabilities, personal accident and costs.

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