In today’s dynamic financial world, fintech businesses face complex, evolving risks. With tailored insurance solutions across areas like peer-to-peer lending, challenger banks, and Web3, you can move forward with confidence at every stage of your journey.
An exclusive ‘Lockton Pioneers Protection’ policy wording which includes industry specific policy enhancements, combining separate policy coverages into one streamline solution
Lockton’s global presence provides us with an enhanced regulatory oversight, and the ability to service your account where you wish to grow
Our policies are tailored to help alleviate the regulatory pressures such as the minimum Professional Indemnity Insurance requirements stipulated by the PSD2 Directive
Our knowledge spans across the entirety of the sector ranging from peer to peer lending and challenger banks, to Web3 and digital assets
Independent benchmarking of levels of cover, premiums and retentions
A roadmap to your insurable journey wherever you are; from idea to beyond
What we cover
Professional Indemnity (including Technology Errors & Omissions)
it is important to obtain specialized fintech insurance as typical financial services sector policies do not provide the full range of insurance that is required by fintech’s.
Fintech companies operate in a high-stakes environment where cyber threats, regulatory scrutiny, and financial fraud can have severe consequences. Because fintech companies combine financial services and technology, they face a unique set of risks: even small coding errors, system outages, security flaws, or service failures can lead to significant financial losses— and costly lawsuits. A well-structured risk management strategy and insurance program is essential to:
Protect customer data and financial assets.
Ensure regulatory compliance and avoid penalties.
Mitigate operational disruptions and financial loss.
Maintain trust and credibility in the marketplace.
What insurance should I consider as a fintech?
In the fast-moving fintech landscape, insurance is often overlooked—but it’s vital. One lawsuit or cyber event can threaten a company’s survival. The right insurance protects against litigation, regulatory, and operational risks, while also boosting credibility with investors, partners, and regulators. Early investment in insurance fosters long-term insurer relationships, better terms, and protection during key milestones like IPOs or acquisitions. Fintechs face unique exposures that standard policies can’t cover—specialist insight is essential. Lockton helps tailor coverage to your specific needs and deliver insurance solutions including (but not limited to):
Directors and Officers Insurance (D&O)
Network Security and Privacy Liability (Cyber)
Crime/FI Bond including Computer Crime
Employment Practices Liability
Fiduciary or Pension Trust Liability
Financial Services Professional Liability / Errors and Omissions (E&O)
Technology Errors & Omissions (E&O)
K&R (Kidnap and Ransom)
Transaction Liability
Employee Benefits
What are the key risks fintech companies face?
Fintechs are exposed to a unique range of risks. Although the likelihood and impact of individual risks can vary, fintech companies are typically exposed to:
Cybersecurity Risks
Technology & System Risks
Operational Resilience & Third-Party Dependency
Fraud & Financial Crime
Regulatory & Compliance Risks
Litigation & Legal Exposure
Human Capital Risks
Why is directors and officers liability (D&O) insurance important for fintechs?
Fintech companies need directors & officers (D&O) insurance to protect both their leadership and their balance sheet. It shields directors and officers from personal financial loss if they’re sued for decisions made in their roles and reimburses the company for indemnifying them. In a highly regulated and fast-evolving industry, D&O insurance is essential to defend against claims from investors, regulators, or stakeholders. It also helps attract and retain top talent by reducing personal liability risks for key leaders.
Let's talk fintech
Don't let risks slow your fintech growth - Connect with our dedicated fintech insurance team and we’ll be in touch as soon as we can.
