Fintech Insurance
When your fntech outgrows one-size-fits-all insurance brokers
Fintech Insurance for Venture-Backed Companies
When your fintech outgrows form-filling brokers and templated policies, it’s time for something more strategic. Investors expect structure. Regulators expect accountability. And claims don’t wait for coverage to catch up.
At URM, we deliver more than quotes. We bring litigation-tested insight, technical underwriting, and carrier negotiation - tailored to the risks fintech companies actually face.
Why Fintech Risk Requires Specialized Insurance
Fintech companies sit at the intersection of technology and financial regulation - subject to oversight like banks, but with the liability exposure of tech platforms. That overlap creates a uniquely complex risk profile that off-the-shelf insurance simply doesn’t capture.
Key Coverages for Fintech Companies
There’s no single policy that protects a fintech company - because no single risk defines one. Fintech coverage needs to reflect the blended liabilities of tech, finance, and regulation. These core policies form the foundation, but only when properly structured to work together.
D&O protects leadership when they’re named in lawsuits or investigations. For fintechs, D&O must cover regulatory enforcement (CFPB, SEC, DOJ, AGs), board disputes, and bankruptcy-related exposures.
Errors & Omissions coverage responds to service delivery failures, software issues, or data-handling claims. But for fintechs, E&O rarely stands alone. It must be aligned with Cyber, Regulatory, and even D&O to reflect how real claims unfold.
Cyber
Fintechs handle sensitive PII and financial data, making them prime targets for breaches. Coverage should include notification costs, business interruption, third-party liability, and ransomware.
EPL
EPL covers claims involving discrimination, harassment, retaliation, wrongful termination, and employment mismanagement. As fintech teams grow, and operate remotely, this risk increases quickly. EPL is often required by investors or board members, but is frequently under-scoped.
Crime
Crime coverage protects against employee theft, wire fraud, embezzlement, forgery, and social engineering attacks. It’s essential for any fintech involved in funds movement or customer account access, and it often fills key exclusions in Cyber or E&O.
Key Insurance Coverages for Fintechs
As fintech companies scale, so does their exposure -to investors, regulators, and the terms buried in contracts. Insurance isn’t static. Each funding stage introduces new risks that off-the-shelf policies often miss. Whether you're handling sensitive data, moving money, or facing board-level scrutiny, your coverage must evolve with the business. This breakdown outlines what to expect - and what to secure - at every stage of growth, from Seed to Pre-IPO.
Seed
At this stage, risk is often underestimated - but it’s real. Board members require D&O, litigation can wipe out an early stage company, employees bring EPL exposure, and even small amounts of customer or partner data introduce liability.
Recommended Coverage:
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$1M D&O
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$1M Tech E&O (If Co. has revenue)
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Cyber (Included with Tech E&O)
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EPL add-on (optional)
Series A
Product is in market, and institutional investors are on the cap table. That means expectations are higher - especially around governance and risk management. Regulatory attention (e.g., from the CFPB) begins to emerge, and vendor contracts require insuranc.
Recommended Coverage:
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$2M - $3M D&O
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$2M–$5M Tech E&O (Contract Reqs)
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$2M - $5M Cyber (Contract Reqs)
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EPL with over 15 employees
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Crime (if moving funds)
Series B
More larger contracts, exposure, and complexity. Fund movement, embedded finance, and regulatory oversight are no longer hypothetical. D&O Side A protections become critical as board composition evolves, and coordinated coverage becomes essential to avoid gaps.
Recommended Coverage:
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$3M – $5M D&O (with clean carve-backs)
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$5M+ Tech E&O
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$3M - $5M+ Cyber (Full 3rd Party)
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Broad EPL (claims-made with prior acts)
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Crime (including phishing, wire fraud, and employee theft)
Series C
Risk and scrutiny accelerate. You may be exploring M&A, expanding globally, or navigating more investor expectations. Regulatory pressure intensifies. Policies should be audited to ensure coordination across programs and eliminate silent exclusions.
Recommended Coverage:
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$5M+ D&O with Side A coverage
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$5M+ Tech E&O, coordinated with Cyber
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Cyber with business interruption, fines, and breach response
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Standalone EPL with third-party and prior acts language
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Enhanced Crime coverage
Pre IPO
Everything is under the microscope - from your board structure to your policy language. SEC disclosure risk becomes real, indemnification becomes a question mark, and tail coverage is a must. Insurance will be reviewed during diligence, so preparation here is key.
Recommended Coverage:
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$10M+ D&O with IPO structuring
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Tail coverage for D&O and EPL
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Enhanced Tech E&O with regulatory carve-backs
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Coordinated EPL, Crime, and Fiduciary programs
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Legal review of all exclusions, definitions, and sublimits
Fintech Regulatory Risk
Fintechs operate in a legal gray zone, but regulators are no longer on the sidelines. Agencies like the CFPB, SEC, DOJ, state attorneys general, and banking regulators (especially through BaaS partnerships) are actively scrutinizing how fintechs market, operate, and govern.
These agencies don’t just investigate companies. Increasingly, they name individual executives - including CEOs, founders, and board members - as part of broader enforcement actions. That means personal liability is no longer theoretical. It’s a risk that must be addressed at the policy level.
At URM, we coordinate D&O and E&O coverage to close the gaps most brokers miss:
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Avoid conflicting definitions of “Claim,” “Loss,” or “Wrongful Act” across policies
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Ensure informal inquiries, subpoenas, and regulatory interviews trigger defense
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Protect board members even if the company withholds indemnification (Side A)
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Align coverage with your regulatory footprint—from consumer lending to digital banking
Track recent fintech enforcement actions →
Fintech Coverage Specialization
Specializing in fintech isn’t enough - each subcategory carries distinct risks that require precise structuring. We’ve built the programs, written the policies, and helped define how fintech is underwritten in the insurance industry.
Payments
InsurTech
WealthTech
BaaS
Crypto | Web3
Tax
RegTech | Compliance
Infrastructure | CoreTech
FinTech E&O
Tech E&O doesn’t operate in isolation - claims often span service delivery, data handling, and regulatory scrutiny, requiring coordination across E&O, Cyber, and even D&O when the issue reaches the executive level.
Fintech E&O is typically required by contracts financial institutions and other vendors. A specialist, and preferably an attorney, should review and place coverage.
Requirements
Fintech E&O is a complicated coverage because an error will impact the institution you have contracted with and their clients.
Complicated Nature
When your tech causes a problem, a resulting claim involves a tech failure, a financial error, and data security?
Cyber | E&O Overlap
Specialized carriers and brokers understand how to harmonize language and structure E&O/Cyber to respond cohesively - not in fragments.
Specialization
Fintech D&O
D&O doesn’t exist in a vacuum - regulatory investigations often trigger overlapping liability across D&O and E&O, especially when the enforcement relates to both product performance and executive oversight.
Fintechs operate in a legal gray zone - often regulated like financial institutions, with less protections and precedent. D&O is essential as regulators shift focus to individual accountability and enforcement actions.
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CFPB, SEC, DOJ, state AGs, and banking regulators are increasingly naming executives personally in investigations.
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D&O coverage ensures legal defense and indemnification when indemnity from the company is unavailable or restricted.
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Side A protection is critical in bankruptcy, board disputes, or if indemnification is withheld.
Regulatory Risk
Venture-backed fintechs face increasing pressure from investors, strategic board members, and auditors to formalize governance. That brings risk and exposure.
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Capital raises, down rounds, and exits all create shareholder liability.
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Governance decisions around data privacy, lending criteria, or compliance failures often trigger personal claims.
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Litigation involving past officers, co-founders, or early investors can leave gaps in protection without extended reporting and proper tail coverage.
Capital Raises
D&O doesn’t exist in a vacuum - regulatory investigations often trigger overlapping liability across D&O and E&O, especially when the enforcement relates to both product performance and executive oversight.
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URM coordinates D&O and E&O language to avoid gaps and ensure clarity on:
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Which policy responds first
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How regulatory subpoenas or demands are handled
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Avoiding conflicting definitions of “claim,” “loss,” or “wrongful act”
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Coordination
D&O for fintechs is not plug-and-play. The policy must be restructured to fit:
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Your regulatory footprint (e.g., lending licenses, banking partnerships, embedded finance)
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Your investor profile and board makeup
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The types of enforcement actions your company is realistically exposed to.
Specialization
Fintechs Metrics
18+ Months
Length of a Regulatory Claim
Regulatory claims are some of the most expensive and unpredictable losses for Fintehcs.
$2,000/hr
Regulatory Partner Attorney
The cost of regulatory attorneys is dramatic, and often not covered by off the shelf policies.
26%
Average Savings
Fintech Clients have overpaid by 26% on average. Fintechs need a specialist to get value pricing.
100%
Enhanced Coverage
We have improved coverage for every Fintech client we brought on as a bew client.
What Sets Us Apart
URM Fintech Practice
Our leadership didn’t just work in the industry - we built the financial institutions and fintech practices at some of the largest brokerages in the world. We’ve advised venture-backed startups, specialty lenders, and digital banks long before the market had a name for them.
What we witnessed then and now - a systemic failure to treat fintech risk with the depth and precision it demands.
URM was created to solve that.
We apply legacy brokerage perfection, decades of technical underwriting knowledge, policy drafting, and carrier negotiation to a platform built for the speed and complexity of modern fintech.
We don’t place off-the-shelf insurance. We design defense strategies.
