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Fintech Insurance

We have access to a suite of products for financial institutions specifically designed to cover the risks faced by organisations operating in the financial technology space, combining a wide range of essential insurance lines that fintech companies need into a single package. 

Why do I need fintech insurance?

The last decade has seen more progress in finance technology than the past hundred years. The proliferation of mobile technology and cutting-edge innovations like artificial intelligence are ushering in new ways of doing business in the financial industry, and a host of exciting new companies have emerged – all looking to revolutionise the financial world. 

But with any revolution comes new risk. Traditional financial institutions insurance products will not necessarily provide cover for technology related exposures. Likewise, policies for technology companies will often overlook or specifically exclude exposures relating to financial services or advice.  

Features of our fintech insurance

Cover can include professional indemnity for errors & omissions, both aspects of financial and tech liability, management liability including. directors’ and officers’ and employment practice liability, crime, cyber and intellectual property (IP) infringement. 

Policy response can be tailored to the definition of professional services as this new breed of companies expand and converge traditional financial services and cover claims made anywhere in the world as standard. 

Sub-contractor liability cover

Fintech businesses often need to engage the services of third-party sub-contractors. We can provide protection against a claim brought as a result of any error or admission by a sub-contractor they engage. 

Directors' and officers' liability insurance for fintech businesses

Additional directors' and officers' liability (D&O) limits are available to cover non-executive directors from personal liability arising from the operations of the organisation. This can help attract talent to the company, providing peace of mind to an individual that they’ll have cover should the initial D&O limit be eroded by a claim. 

Equally important given the nature of a fintech’s operations, cyber cover helps protect against the financial impact caused by privacy and cyber events and provides crucial access to an experienced incident response team should crisis strike. 

Cyber and data insurance

Cyber and data insurance offers specialist coverage for your computer systems and the important records they hold. As a fintech, insuring your business against cybercrime and fraud is essential, for you and your clients. If you suffer a data breach or attack and your systems are compromised, cyber and data will cover you for any loss of income if your computers become unavailable, as well as the costs of recovering data. 

Tailored business insurance for fintech companies

The fintech sector is booming and attracting billions in investment globally, but up until now the emerging businesses involved have struggled to find comprehensive cover.  

Fintech businesses will need a dedicated policy to manage their evolving risks. A fintech policy should offer coverage for both liability arising from financial services and technology services, as well as management liability, theft of funds and cyber coverage. 

Fintech insurance from Towergate

We can provide that specific solution to offer your business protection that is fit for purpose not just for today, but for tomorrow and beyond. Coverage can be found spread across multiple policies, but a single, comprehensive policy is more cost efficient and will prevent gaps in coverage and complications in the event of a claim. 

Fintech insurance FAQs

Can my policy be adapted as my business grows?

Yes. The nature of running a innovative fintech business -up means you're going to need a lot of flexibility from your policy. We understand that rapid chage and devlopment is inevitable and will support and advise you along the way. 

Get a fintech insurance quote

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Coronavirus (Covid-19) – Update for Towergate customers


During the COVID-19 Coronavirus crisis, we want to reassure our customers and partners that we are following UK Government guidance,
and as a result our national offices are closed to both safeguard the health of our employees and our ability to look after our valued clients.
Where possible, our employees are working from home and we are still fully able to support with renewals, new cover requirements and
claims guidance and support. This includes giving our colleagues the ability to work from home or alternative locations,
which we hope will limit the disruption and enable you to speak to us for advice and support should you need it.
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