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Products/FinTech

What is FinTech Insurance?

FinTech Insurance is a combined cover that can address the unique risks associated with both the technology and professional services aspect of such a business. Risks that can be covered include Professional Liability, Directors and Officers Liability, Crime and General and Products Liability.

Why Do I Need FinTech Insurance?

Professionals in general are required by law to render advice or perform services to a certain “standard of care.” Failure to do so can result in a liability for losses arising out of that advice or the services provided. Increased standards of care may apply by contract.

Given FinTech businesses operate in the Financial Services sector they are required to obtain insurance in accordance with regulatory requirements as set down by ASIC (and any other regulatory bodies). Additionally they may be required to meet certain membership or contractual requirements.

Given FinTech risks combine both technology and professional services/ advisory risks, it is important to have a single policy that addresses the risks. In our opinion standard policies leave FinTech companies significantly exposed.

How can Perrymans help with FinTech Insurance?

Perrymans can assist you by interpreting your risk, including any legislative, contractual or membership requirements, and can then develop your cover according to these requirements. We will provide advice and guide you so as to present your risk in the best possible light and market your risk through our preferred market.

For more information, enquiries or advice on our FinTech insurance services, please contact Perrymans today.

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  • “Perrymans have been our insurance brokers for more than 30 years. The commitment, support and service they have provided during that time has been outstanding. Their genuine interest in our business lies at the heart of our successful relationship. I would recommend their services without hesitation.”

    - Peter McBean -
    Joint Managing Director, Wallbridge Gilbert Aztec

  • “As a private project management consultancy, we need certainty that any potential legal and insurance risks have been considered and avoided prior to finalising contractual arrangements. Perrymans and Sparreboom Legal are a great source of security for us in our negotiations. Their advice is always prompt and reliable – based on a thorough understanding of what it is we do. I would have no hesitation in recommending Grant and Bastiaan to any prospective professional.”

    - Scott Lennon, Director -
    Lennon Project Management Pty Ltd

  • “Pritchard Francis and Perrymans have worked closely together for many years. Perrymans have provided extensive insurance broking and legal advice services pertaining to all business insurances and contracts. Bastiaan Sparreboom Legal Services, in conjunction with Perrymans, have provided comprehensive contract reviews, with all legal advice outlined in a clear and precise format. Perrymans have demonstrated a wealth of knowledge and experience in these areas, providing Pritchard Francis with a high level of confidence and excellent levels of service. We are pleased to recommend Perrymans to any considering their services.”

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    Pritchard Francis
    Civil and Structural Engineering Consultancy
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Perryman O’Grady Philpott Pty Ltd ACN 007 767 455 trading as Perrymans ABN 35 007 767 455 | CAR 001306578 as Corporate Authorised Representative of Steadfast IRS Pty Ltd | ABN 95 159 898 398 | AFSL 435538

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