As a fintech entrepreneur, you’re developing cutting-edge solutions to some of the world’s most pressing problems in finance. Fintech companies have huge potential for growth, but the work is also fraught with significant potential for legal liability. Fintech firms are also exposed to cyber breaches, which can expose large quantities of sensitive data.
With Provide, we understand the unique risks that Fintech startups face. With us, Fintech founders can get affordable yet comprehensive coverage, in a quick & hassle-free way. Speak with us today to protect your Fintech venture.
Coverage | Explanation | Importance for fintech firms |
Professional Indemnity Insurance | Protects you from lawsuits related to fintech work | Critical |
Directors & Officers (D&O) Liability Insurance | Protects your board directors (e.g. founders & VCs) from personal lawsuits | Critical |
Cyber Insurance | Protects you if you suffer a cyber attack. Covers IT restoration costs, data breach liability, PDPA liability, and more. | Critical |
Business Insurance Package Deal | All-in-one package deal, designed for Fintech firms. Includes the following covers:
| Very good to have |
Coverage | Coverage amount (example) | Premium |
Professional Indemnity Insurance | $100,00 | From $42/month |
Directors & Officers (D&O) Liability Insurance | $100,000 | From $49/month |
Cyber Insurance | $250,000 | From $42/month |
Business Insurance Package Deal | Commercial Property Insurance: $100,000 Work Injury Compensation Insurance: $10 million common law annual limit, $45,000 medical expenses sub-limit Public Liability Insurance: $250,000 Business Interruption Insurance: $10,000 | From $19/month |