Fintech insurance

Our professional indemnity cover (PI) is tailored to the unique risks faced by fintech companies and innovators.

If your clients experience financial loss due to software failures or coding problems, professional indemnity will cover the costs for dealing with these types of claims and will provide PR support to minimise damage to your reputation. If you’re an Account Information Service Provider (AISP) or a Payment Initiation Service Provider (PISP) there are certain regulatory requirements you must meet in order to obtain your licence.

Taking out a PI policy with Superscript ensures that you meet these regulatory requirements in a quick and cost-efficient way.

Innovations in the finance industry mean that mountains of sensitive data are now stored online, where it's at risk of cyber-attacks and data breaches.

With the rising trend of costly hacks and ransomware events, even the best security infrastructure isn't immune to hackers, so a solid plan B is vital. Our cyber insurance for fintech businesses provides one of the most advanced protection available.

With Superscript, there's no need to obtain a separate crime policy. Our fintech insurance has crime protection included as standard. This means you'll be covered where there is theft of your own funds, or any client money that you are responsible for.

We cover theft carried out by both electronic and physical means committed by both your employees and outside third parties.

Fintech has to navigate its fair share of regulation, with PSD2 and GDPR bringing yet more responsibilities and potential fines. Even when you do everything in your power to remain compliant, issues can still slip through the net - that's why having cover for legally insurable defence costs and penalties is so important.

This essential cover comes as standard in our fintech wording and is a must have for businesses operating at the intersection of finance and technology.