FintechInsurance, Professional Liability for the Future of Finance
Navigate the intersection of finance and technology with coverage built for payments, platforms, and regulated partnerships.
Why standard tech insurance isn't enough
Fintech risk blends technology performance, partner expectations, and regulatory scrutiny—and claims often involve multiple stakeholders at once.
The Technology Failure
A bug in your API prevents users from accessing features, balances, or transactions—partners and customers demand answers fast.
The Financial Error
A mistake in payment routing, reporting, or product configuration leads to allegations of customer harm or operational losses.
The Trust Factor
When money is involved, minor issues escalate quickly—claims can come from customers, banks, processors, or vendors.
High-intent risk triggers for fintech companies
Banking-as-a-Service requirements
Sponsor banks and processors require strong E&O/Cyber limits before go-live.
Money transmitter licensing
Licensing and compliance requirements increase customer and partner scrutiny as you expand.
Enterprise partner onboarding
Larger partners require vendor packets, COIs, and contractual insurance requirements before integration.
Our Packages That Protect Your Fintech Company
Pre-Seed & Seed
Core protection for you and your product
What's included
- General third-party claims (CGL)
- Protects you and leadership decisions (D&O)
- Protects you if your tech fails or causes a claim (Tech E&O)
- Protects you if data is exposed or systems are breached (Cyber)
Series A
Protect you, your board, and help you close bigger deals
What's included
- Protects you and leadership decisions (D&O)
- Protects you if your tech fails or causes a claim (Tech E&O)
- Protects you for general third-party claims (CGL)
- Protects you for marketing/content claims (Media)
- Protects you from employee-related claims (EPLI)
- Protects you if data is exposed or systems are breached (Cyber)
Growth Stage
Protection for leadership risk, transactions, and scale
What's included
- Everything in Series A, with stage appropriate limits
- Protects you for benefit plan responsibilities (Fiduciary)
Critical Coverages for the Fintech Stack
Technology errors & omissions
Covers professional liability arising from technology products or services.
Cyber
Covers hacking, ransomware, and data privacy claims.
Media liability
Covers content, advertising, and intellectual property risks.
Directors & officers
Covers claims related to management decisions and corporate governance.
Fintech Claims Scenarios
The “Routing Error”
A bug in your payment flow misroutes transfers. A partner alleges losses and demands recovery costs.
The Vendor Dispute
A bank partner alleges your platform failed to meet contractual performance expectations during a launch.
The Regulatory Inquiry
A regulator requests information about disclosures and product practices. Legal and response costs escalate quickly.
Explore our services
AI insurance
Stay ahead with AI liability coverage, model risk protection, and IP defense.
Fintech
Explore the crossroads of fintech with focused insights on money transfer, regulation, and digital asset security.
Marketplace
Insurance for Marketplaces & Platforms. Safeguard your platform and users while navigating the gig economy's risks.
Health-tech
HIPAA-compliant insurance to protect your business against data breaches and regulatory fines.
SaaS
Scale confidently with coverage tailored for software companies, from E&O to cyber liability.
FAQ
What insurance do fintech startups need?
Fintech startups need Technology Errors & Omissions (E&O) for software failures, Cyber Liability to protect against data breaches and PCI compliance issues, Crime/Fidelity coverage for theft of funds, and Directors & Officers (D&O) insurance. Sponsor banks and payment processors often mandate specific coverage types and limits before partnerships can go live — Corgi bundles all of these in one policy.
What is technology E&O insurance for fintech?
Technology E&O for fintech covers claims arising when your software causes financial harm to clients, such as payment routing errors, incorrect transaction processing, or reporting failures. It also covers defense costs when a banking partner or customer alleges your platform failed to perform as contractually promised.
Do fintech companies need crime and fidelity insurance?
Yes. Crime and fidelity insurance is critical for fintechs that handle, route, or influence the movement of money. Standard cyber policies typically cover data breaches but not stolen funds.
What cyber insurance coverage do fintech startups need?
Fintech companies need cyber coverage that addresses PCI-DSS compliance costs, data breach notification and response for financial records, regulatory defense for state and federal financial regulators, and business interruption from system outages.
What insurance do fintech regulators require?
Regulatory requirements vary by state and activity, but money transmitter licenses often require surety bonds. Banking partners mandate Tech E&O and Cyber with specific minimum limits.
What insurance does a BaaS or sponsor bank typically require?
Sponsor banks and BaaS providers usually require Crime / Fidelity Bond coverage to backstop fund movement, Cyber Liability with breach response built in, Tech E&O for software performance.
How does PCI-DSS compliance affect my insurance requirements?
If your platform stores, processes, or transmits cardholder data, your Cyber Liability policy needs explicit PCI carve-back language.
Do I need a surety bond as a Money Transmitter (MTL)?
Surety bonds and insurance are different instruments. State money transmitter licenses require surety bonds to guarantee performance to regulators and customers.
Are payment processing errors and wire-instruction fraud covered?
Funds transfer fraud, social engineering, and wire-instruction fraud typically respond under Crime / Fidelity, while errors in your payment-routing logic that cause customer loss respond under Tech E&O.