Insurance for Fintech

Specialist cover for Fintech businesses and innovators. We understand the financial and technical risks you face.

Specialist cover for fintech businesses

If you're shaking up the world of finance, you need Fintech insurance that's as cutting edge as you are. As fintech specialists, our policies are built to cover both the financial and technical risks you face. So, nothing will get in the way of financial services domination.

What's included in fintech insurance?

Professional indemnity

Your clients trust you with their hard-earned cash and that inevitably comes with its risks. If a customer is left out of pocket due to your services, it could have serious repercussions for your finances, not to mention your reputation. That's why we tailor our professional indemnity cover (PI) to the unique risks faced by fintech businesses.

Cyber and data risks

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. Even the best security infrastructure isn't immune to hackers, so a solid plan B is vital. Our cyber security policy for fintech businesses ensures that if your cyber defences are breached, it won't sink your business.


With Digital Risks, there's no need to obtain a separate crime policy. Our dedicated fintech insurance has crime protection included as standard. That means you'll be covered where there is theft of your own funds, or any client money that you are responsible for (by electronic and physical means).

Fines and compliance

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 when business cover is your saviour. Our insurance for fintech covers defence costs and penalties which are legally insurable.

Award-winning insurance

We're the British Insurance Awards 2018 Insurance Start-up Winner - recognised for our innovative range of covers, online customer experience and flexible subscription model, which make buying and managing insurance easy and accessible for businesses in the digital industries.

Fintech insurance FAQs

How much cover do I need?

You must have a minimum cover of £5 million for employer’s liability. Failure to have this can mean fines of £2,500 for every day that you’re not properly insured. Various factors influence the level of cover you need, including the size of your business, the type of work you do and the requirements of your clients. You may also find that your regulatory body specifies a certain level of cover, depending on the industry you operate in.

Can I change my cover or add policies?

Of course. Please contact or give us a call on 0333 772 0759 and we’ll be more than happy to adjust your policy.

What to do if I have multiple business activities?

No problem, give us a call and we’ll see what we can do.

How do I know what my policy covers?

You will receive a summary of your cover with your quote, as well as your policy documents which will be emailed to you within 24 hours of buying your policy.

How do I cancel my policy?

We know that business can be unpredictable, which is why we offer a monthly subscription, so you can change or cancel your cover at any time. Simply send an email to providing at least 30 days’ notice and telling us the date you want the policy to end. Please bear in mind you may need to pay one final month’s premium depending on when your next payment is due.

How long is a quote valid for?

Your quote will be valid for 30 days unless stated otherwise.

Is business insurance tax deductible?

Business insurance is tax deductible and along with accountancy and legal fees, counts as allowable business expenses. Insurance is VAT exempt but subject to Insurance Premium Tax at a lower rate.

What do I do if my business type isn't on the list?

Not a problem – just send us a message or give us a call on 0333 772 0759 and we’ll let you know if we can cover your business activities.

Will I be covered straight away?

When you buy your policy, we’ll ask you when you want it to start. That can be the same day or at some point in the future. You are then covered from 00:00 on the day you choose.

Further reading

23 Jan 2019
4 minute read

Cyber security risk management framework

To effectively protect your business from cyber-attacks and data breaches, you must first identify the biggest threats and vulnerabilities you face.

6 Dec 2018
4 minute read

Fintech startups to watch in 2019

Here’re our top 6 hottest Fintech startups that Digital Risks are tipping to thrive in 2019. We’ve taken a look at Truelayer, Monese, PensionBee, Akoni, Tail and the Craft Gin Club.

24 Sep 2018
4 minute read

Going global: what to think about when expanding abroad

With UK customers happy to shop beyond our shores, it follows that UK businesses must also look further afield to expand their reach and growth potential. And in the digital age it’s easier than ever, with much lower barriers and overheads involved. So, where do you start?

What our customers say

We had a breach and the insurance and legal support we got was invaluable. Digital Risks walked us through the whole thing including media and customer relations.

Founder, ID verification software

It was very quick and easy to claim. Our account manager replied within minutes, confirmed the details and we had the money in our account within 48 hours.

COO, HR technology platform
We insure thousands of innovative businesses
Tech Nation
You're in safe hands
Authorised by the FCA

The FCA supervises UK financial services firms to protect consumers. We are directly authorised and regulated by the FCA and our Firm Reference Number is 656459. These details can be confirmed on the Financial Services Register at or by calling the FCA on 0845 606 1234.

A-rated financial strength

Our insurance products are underwritten by Standard & Poor’s A-rated financial strength or higher. This means the underwriter has been independently assessed by the world’s leading credit rating provider and found to have a strong capacity to meet financial commitments (pay claims).

Protected by the FSCS

If you are a business with an annual turnover under £1m, charity with an annual income under £1m, or trust with net assets under £1m, then you will be entitled to compensation from the FSCS in the unlikely event we cannot meet our obligations. Full details and further information on the scheme are available at