insurance FOR FINTECH COMPANIES
Why do you need specialist Fintech insurance?
We know you’re worried about revenue, investment, talent, regulation, and future expansion. Insurance shouldn’t be one of the things you should worry about. Let us help protect you from:
- Professional negligence
Mistakes happen, we’re all human after all. Unfortunately mistakes in Fintech often come with large claims which can be expensive to defend or settle. Could your businesses reputation cover the cost of putting a mistake right?
As a business providing products and services, which inherently create, amplify, and attract cyber risks, you’re a high-risk target for cyber-criminals. Can you afford to take the chance of a data breach?
- Regulation and compliance
Operating between finance and technology brings a lot of regulation. From General Data Protection Regulation (GDPR) to payment services directive (PSD2), there’s a lot for Fintech firms to contend with. Despite your best efforts, one or two issues can still take you by surprise. Are you prepared for the unexpected?
How our Fintech insurance team can help
Insurance shouldn’t be painful. After all, it’s there to protect you. That’s why our personable experts will provide advice, and support in a simple, solution-focused way that works for you.
No matter how straightforward or complex your risks are, whether you’re looking for a new policy or to amend existing cover, we can help and we’ll take care of you.
Join a family of Marsh Commercial technology clients
We work with over 2,500+ technology clients across the UK. Protecting start-ups through to market leaders. Be part of our family of technology insurance clients including:
- Application service providers
- Computer consultants and programmers
- Database administrators and system designers
- Hardware installation experts
- Integration and online security specialists
- IT consultants and project managers
- Software and website developers
What insurance does a Fintech business need?
Not sure what Fintech insurance you need? We’ll discuss your requirements before presenting an insurance solution that meets your complexities, but you may wish to consider:
Professional indemnity - covers the legal and compensation costs you may have to pay if a client makes a claim against you.
Public liability – covers you for the cost of a claim arising from a suffered injury or property damage caused by you or your employees.
Employers' liability (EL)– compulsory by law for most businesses, EL provides cover if a worker suffers an injury or an illness they believe is your fault.
Directors and officers – also known as management liability portfolio insurance (MLP), provides any director, partner or employee acting in a managerial capacity on behalf of the company cover for defence costs incurred during a claim and awards made against you personally.
Cyber liability insurance – protects your business from cyber-criminal activity such as hacking, and the legal and reputational fallout caused from a data breach.
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