FinTech Plus

• Directors’ and Officers’ (D&O) liability: Provides protection to directors, officers, and employees in managerial roles against claims or investigations, arising from actual or alleged wrongful acts in managing a company. This helps attract and retain top talent to your board and executive leadership.
• Employment Practices Liability (EPL): Enhances coverage for employment-related claims, such as unfair dismissal, harassment, bullying, discrimination, and retaliation, protecting both the company and individual employee.
• Professional liability: Offers broad protection for claims related to breach of professional services (including technology failures), including Financial Institutions Professional Indemnity (FIPI), Technology Errors & Omissions/Professional Indemnity (Tech E&O/PI), and third-party liability arising from Cyber related claims.
• Crime insurance: Provides comprehensive protection from direct financial losses due to fraud, including employee infidelity and external frauds relating to computer crime such as social engineering fraud which may or may not involve the use of generative AI.
• Cyber event loss and business interruption insurance: Protects against cyber breaches and business interruption, covering costs such as cyber extortion & advisors, breach response, legal, forensic, IT, credit monitoring, data restoration, card reissuance, bricking, and public relations. It ensures continuity and minimizes financial losses.

Willis provides comprehensive Cyber Event Loss and Business Interruption Insurance to protect FinTechs from the financial and operational impacts of cyber breaches. This coverage includes costs related to breach response management, legal, forensic, and public relations expenses, as well as business interruption losses. Cyber and Professional Indemnity / Errors and Omissions (PI / EO) notifications made up the majority of FinTech claims notified to insurers (43% related to Cyber and 29% related to PI/EO), highlighting the critical need for this coverage*.

*Source: WTW Global Claims database – WTW FINEX notified losses from 2007 to February 2025.

FinTech Plus helps manage and mitigate risks from unforeseen events, thus providing you with critical balance sheet protection year-round. By selecting Willis, you will also have access to a wide array of analytical tools to determine the most suitable coverage for your needs.

Any FinTech size ranging from start up to unicorns and working across any sub-sector. Equally, it is suited to first time buyers to those who are well versed in insurance purchasing.

By taking out comprehensive coverage, you will display a mature risk framework that your prospective or current clients, investors, and suppliers will appreciate. It may also assist in international expansion plans, planning M&A activity and complex contractual obligations.

Whilst FinTech Plus is available for insureds based anywhere including the USA, it is exclusively supported by Lloyd’s syndicates/London-based international insurers and placed by the London broking team.*

* For further details please reach out to any of the contacts stated on this page.

Whilst we endeavour to reply to any new client query within 2 working days, the process for obtaining a firm quote can take several weeks whilst we understand your specific needs and requirements.