La Playa: Insurance with Intelligence®

Science & Technology

La Playa: Insurance with Intelligence®

Fintech Insurance

Fintech | Insurtech | Platform technologies | Mobile payments | Enterprise applications | Infrastructure, data & analytics | AI technologies | Risk & compliance

If you’re using technology to automate processes in the financial services industry, you need fintech insurance that’s as cutting edge as you are. This can help to bulletproof your business from a myriad of risks and safeguard your and your investors’ interests.

As fintech insurance specialists, La Playa offers your business protection with a comprehensive range of fintech insurance policies. Because we understand the way fintechs operate, we can help you control your ever-evolving tech, liability and regulatory risks.

Our fintech insurance clients typically face challenges with:

  • Risk in contracts
  • Regulation and compliance
  • Cyber-attacks & ransomware
  • Do these issues resonate with you? Let’s talk!

    What if...

  • Your technology fails, leaving your customers up in arms?
  • Cybercriminals hack your network, compromising users’ data?
  • A cyber-attack hits your revenues?
  • The regulator kicks off an investigation into your company’s activities?
  • A hacker tries to extort money from you by threatening a denial of service attack?
  • You need expert advice readily at hand and a fine-tuned insurance portfolio that allows you to focus on business growth, rather than being distracted by crisis management and trouble-shooting.

    Having the right insurance coverage in place also builds confidence and enhances your investor attraction, promoting business growth and sustainability. Our policies at La Playa are specially designed to give peace of mind by eliminating uncertainty both for you and for your stakeholders - from start-up to exit.

    Why fintech insurance?

    Financial technology has witnessed more progress in the last decade than in the past hundred years. The rapid growth of mobile transaction technology and cutting-edge innovation in AI is ushering in new ways of conducting business and managing personal finances.

    As a result, a raft of new fintech companies have emerged, creating a fierce, competitive environment in which everyone is looking to revolutionize the finance world. Unfortunately, this revolution comes with a new set of risks. From technology failure, ransomware and data breaches to IP infringement, cyber liability and regulatory issues, fintech companies are seriously exposed as they navigate the finance space and integrate new technologies at pace.

    This increases the need for intelligently designed, reliable fintech insurance. Comprehensive insurance cover can protect you from a manifold of risks, including errors and omissions, workers’ comp, management liability and general liability.

    It can be tempting to cut corners on fintech insurance to save money on operating costs, especially if you’re a startup company. However, with the pace of change and rapidly evolving regulation, your enterprise could face significant problems without the right insurance policies in place.

    Fintech exposes you to serious lawsuits that can be both costly and an enormous drain on management time and focus. Our team at La Playa will take time to understand your business and its specific risks, design a policy that ensures you’re covered and advise you on risk management within your regulatory environment.

    Why La Playa?

    Tech-based business is 24/7, global and borderless, always exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.

    Finding an insurance brokerage that protects your interests as a fintech and meets your needs and expectations can be challenging. A standard tech insurance policy is unlikely to provide the protection you need. At La Playa, our expert team specializes in insuring and advising fintech clients. You can feel more confident when you make a claim because of:

    Contracts

    Our Contracts

  • Specialist wordings to reflect specific risks
  • Broader coverage with fewer exclusions
  • Flexible protection
  • Underwriters

    Our Underwriters

  • They're specialists too
  • Rock solid financial strength
  • Global knowledge & support
  • Delivery

    Our Delivery

  • Expert advice and support all year-round
  • Intelligently managing client risk
  • Trust at the heart of all we do
  • Cupcake Bite

    Recommended coverage for fintech companies

    Some of the coverage you’ll need to consider as a fintech company includes:

  • Errors and omissions insurance: our E&O policy covers legal expenses and costs incurred in your defense if you’re alleged to have provided inadequate advice or services, e.g. financial loss due to coding problems and software failures.
  • Directors’ and officers’ liability: protects the personal assets of your company’s board of directors and officers in the event they’re sued by other parties, including employees.
  • Cyber insurance: protects your business from a wide range of cyber security issues, including data breaches, denial of service attacks and cyber business interruption.
  • Theft of money and other financial instruments
  • Contact La Playa today

    Get in touch with us for your fintech insurance application form. We’ll carry out an in-depth analysis of your insurance needs, now and in the future, and develop tailored solutions that protect your business as it grows.

    Talk to us today.

    You can call us to talk more about your business insurance on

    How We Can Protect Your Business

    Auto Insurance
    Auto Insurance
    Business Travel Accident
    Business Travel Accident
    Clinical Trials Liability Insurance
    Clinical Trials Liability Insurance
    Consequential Loss Insurance
    Consequential Loss Insurance
    Crime Insurance
    Crime Insurance
    Cyber and Privacy Insurance
    Cyber and Privacy Insurance
    Directors & Officers Liability
    Directors & Officers Liability
    Environmental Liability Insurance
    Environmental Liability Insurance
    Errors & Omissions Insurance
    Errors & Omissions Insurance
    General Liability Insurance
    General Liability Insurance
    Inland Marine
    Inland Marine
    Intellectual Property Insurance
    Intellectual Property Insurance
    Lab Insurance
    Lab Insurance
    MA Insurance
    M&A Insurance
    Product Recall Insurance
    Product Recall Insurance
    RD Insurance
    R&D Insurance
    Risk Management
    Risk Management
    Workers' Compensation
    Workers' Compensation
    Stock Deterioration Insurance
    Stock Deterioration Insurance
    Supply Chain Insurance
    Supply Chain Insurance

    Monthly Payments

    Cancel Anytime

    Benchmark Us

    Quote within 24 hrs

    Testimonials

    What Our Clients Say

    Specialist & Independent

    La Playa's specialist Science & Tech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your business.

    Advice You Can Trust

    …from an expert who understands you

    • Specialist insurance for science and technology
    • Independent professional advice
    • Relationship-based service: right beside you when you make a claim
    • “Can do” culture
    • Seamless insurance across US and UK
    Robot

    With specialist Science & Technology insurance you can innovate with confidence

    La Playa Logo