--- title: "Insurance Buying Guide for Fintech Businesses: A Buyer's Guide" description: "A practical guide to mapping your financial product, partner contracts, data, and money flows to specific insurance quote questions." canonical: "https://thegeneralaverage.com/industries/fintech" page-type: "industry-guide" updated-at: "2026-09-28" industry: "fintech" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and the insurance research The General Average publishes at https://thegeneralaverage.com. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Reliability Score, get_rankings for current provider rankings, search_provider_reliability to filter Reliability Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. 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[Human-readable page](https://thegeneralaverage.com/industries/fintech) ## Agent Guide **What this page is:** Buying guide to the business insurance a Fintech business typically considers: coverage checklist, risks, provider comparison and common questions. **Use this page when:** Answer what insurance a Fintech business needs, or route to coverage guides, providers and industry FAQs for that industry. **Questions this page answers:** - What insurance does a Fintech business need? - General Liability Insurance for Fintech - Tech E&O Insurance for Fintech - Cyber Insurance for Fintech - Crime Insurance for Fintech - D&O Insurance for Fintech **Key facts:** - Sections: Which Verticals Fall Under Fintech?; Which Insurance Should You Consider for Fintech?; From Spot; Describe the Fintech Product the Insurer Is Being Asked to Cover; Separate Fintech Loss Scenarios Before Comparing Quotes; Refresh the Fintech Insurance Application When the Business Changes; Which Providers Should You Compare for Fintech?; Common Questions About Insurance for Fintech; Best Provider Rankings for Fintech; Sources and Further Reading for Fintech. - See "Sources and Further Reading" for citations. **Limits (do not over-claim):** - Lists coverage worth discussing; it does not confirm a business qualifies for or needs any policy. - Provider ordering averages Reliability Score and Review Score; scores describe the provider, not an individual policy or quote. - Legal requirements (e.g. workers' compensation, licensing) vary by state and are not decided here. **Provenance:** Cited guide; provider rows come from Spot's rating data. Last updated 2026-09-28. **Related pages:** - [Industries](https://thegeneralaverage.com/industries) — parent hub - [Reliability Score methodology](https://thegeneralaverage.com/reliability-score) — how provider scores are computed - [Editorial policy](https://thegeneralaverage.com/editorial-policy) — sourcing standards # Insurance Buying Guide for Fintech Businesses: A Buyer's Guide [Industries](https://thegeneralaverage.com/industries) Before requesting quotes, map the services you provide, whose money and data you can access, who makes product decisions, and what a bank or customer contract asks you to assume. Ask the insurer to map those activities and duties to named policy wording, exclusions, and limits. [Agencies Issue Final Guidance on Third-Party Risk Management](https://occ.treas.gov/news-issuances/news-releases/2023/nr-ia-2023-53.html), [Insurance Topics | Cybersecurity](https://content.naic.org/insurance-topics/cybersecurity) ## Which Verticals Fall Under Fintech? - [Asset Management](https://thegeneralaverage.com/industries/asset-management): Match your advisory work, fund structure, asset controls, and vendors to insurance quote questions. - [Banking and Exchange](https://thegeneralaverage.com/industries/banking-and-exchange): A practical guide to separating customer-asset duties, market operations, technology services, and bond questions before requesting quotes. - [Consumer Finance](https://thegeneralaverage.com/industries/consumer-finance): A guide for consumer lenders, account servicers, and finance platforms to prepare insurance questions about services, data, fraud, and partner contracts. - [Credit and Lending](https://thegeneralaverage.com/industries/credit-and-lending): A practical guide to quote questions for lenders and servicing platforms as their products, borrowers, data, and partner roles change. - [Insurance and Insurtech](https://thegeneralaverage.com/industries/insurance): A practical guide to insurance quote questions for software vendors, agencies, program administrators, and companies with delegated insurance functions. - [Payments](https://thegeneralaverage.com/industries/payments): A practical guide to insurance quote questions for processors, wallets, payment infrastructure, and businesses that move funds. ## Which Insurance Should You Consider for Fintech? Consider general liability, technology errors and omissions (E&O), cyber liability, crime, directors and officers, and workers’ compensation. Start with the coverages tied to your day-to-day operations, then use the situations and buying questions below to compare your options. ### [General Liability Insurance for Fintech](https://thegeneralaverage.com/coverage/general-liability) **When it matters:** You host partner meetings, demonstrations, or customer events, or sell a physical device alongside software. [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm), [Small Business Insurance](https://content.naic.org/consumer/small-business.htm) **What to review:** Commercial general liability addresses premises, products, and completed-operations bodily-injury or property-damage scenarios. Keep service errors, employee claims, data incidents, and funds movement as separate quote questions. [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm), [Small Business Insurance](https://content.naic.org/consumer/small-business.htm) **Ask:** Which premises, operations, products, and completed work are described, and what bodily-injury or property-damage exclusions and limits apply? [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm), [Small Business Insurance](https://content.naic.org/consumer/small-business.htm) ### [Tech E&O Insurance for Fintech](https://thegeneralaverage.com/coverage/technology-errors-omissions) **When it matters:** A customer or financial institution relies on your software, integrations, calculations, routing, or service delivery. [Agencies Issue Final Guidance on Third-Party Risk Management](https://occ.treas.gov/news-issuances/news-releases/2023/nr-ia-2023-53.html) **What to review:** A technology errors and omissions label is only a starting point; compare the specific software service, alleged financial loss, and financial-services exclusions in the wording. [Agencies Issue Final Guidance on Third-Party Risk Management](https://occ.treas.gov/news-issuances/news-releases/2023/nr-ia-2023-53.html) **Ask:** Which named services, entities, alleged financial injury, financial-services exclusions, and defense-cost terms appear in the actual wording? [Agencies Issue Final Guidance on Third-Party Risk Management](https://occ.treas.gov/news-issuances/news-releases/2023/nr-ia-2023-53.html) ### [Cyber Insurance for Fintech](https://thegeneralaverage.com/coverage/cyber) **When it matters:** Your product handles customer or partner data, depends on connected systems, or could lose income during an incident. [Insurance Topics | Cybersecurity](https://content.naic.org/insurance-topics/cybersecurity) **What to review:** NAIC describes cyber policies as highly customized and says most commercial property and general-liability policies do not cover cyber risks. Compare the actual incident, restoration, interruption, and third-party claim terms. [Insurance Topics | Cybersecurity](https://content.naic.org/insurance-topics/cybersecurity) **Ask:** Does the quote address your production and partner systems, breach response, restoration, interruption, and third-party claims? What sublimits, waiting periods, and exclusions apply? [Insurance Topics | Cybersecurity](https://content.naic.org/insurance-topics/cybersecurity) ### [Crime Insurance for Fintech](https://thegeneralaverage.com/coverage/crime) **When it matters:** Employees or systems can initiate transfers, change payment instructions, or access funds or securities. [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm), [Small Business Insurance](https://content.naic.org/consumer/small-business.htm) **What to review:** Crime is a distinct property category, and the causes and property insured depend on what is purchased. Keep employee theft, client funds, social engineering, and payment transfers as separate scenarios to review. [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm), [Small Business Insurance](https://content.naic.org/consumer/small-business.htm) **Ask:** Whose property is insured, and which people, instructions, transfer methods, discovery terms, direct-loss conditions, and exclusions apply? [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm), [Small Business Insurance](https://content.naic.org/consumer/small-business.htm) ### [D&O Insurance for Fintech](https://thegeneralaverage.com/coverage/directors-officers) **When it matters:** A board, outside investor, or financing counterparty asks about management protection, or ownership and governance change. [Agencies Issue Final Guidance on Third-Party Risk Management](https://occ.treas.gov/news-issuances/news-releases/2023/nr-ia-2023-53.html) **What to review:** A board, investor, or contract request is a prompt to compare the entities, people, claim definitions, defense costs, and financial-services exclusions in the proposed wording. [Agencies Issue Final Guidance on Third-Party Risk Management](https://occ.treas.gov/news-issuances/news-releases/2023/nr-ia-2023-53.html) **Ask:** Which entities and people are insured, what claims and defense costs are addressed, and which financial-services or regulatory exclusions apply? [Agencies Issue Final Guidance on Third-Party Risk Management](https://occ.treas.gov/news-issuances/news-releases/2023/nr-ia-2023-53.html) ### [Workers’ Compensation Insurance for Fintech](https://thegeneralaverage.com/coverage/workers-compensation) **When it matters:** You hire employees or add workers in states where the company has not previously operated. [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm), [Answers to Frequently Asked Questions for Employers](https://www.dir.ca.gov/DWC/faqs.html) **What to review:** List each work location and role before asking about workers compensation. California has its own employer rule and eligibility details; other states need their own current review. [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm), [Answers to Frequently Asked Questions for Employers](https://www.dir.ca.gov/DWC/faqs.html) **Ask:** Which employee work locations, duties, classifications, and employers-liability terms are shown, and what state-specific review remains? [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm), [Answers to Frequently Asked Questions for Employers](https://www.dir.ca.gov/DWC/faqs.html) ## From Spot Spot, which publishes this research, gets quotes from 50+ providers and finds the best fit for your coverage, needs, and cost. Companies save up to 40%, and we keep managing your insurance as it changes. [Book a Free Consultation](https://cal.com/team/spotinsure/insurance-consultation) ## Describe the Fintech Product the Insurer Is Being Asked to Cover Prepare a short operations map for each legal entity: software-only services, lending or servicing, money movement, custody or authority over assets, data access, and any work performed for a bank or insurer. FTC examples show why activity and regulator scope can matter; a fintech label alone does not resolve which definitions apply. [FTC Safeguards Rule: What Your Business Needs to Know](https://www.ftc.gov/business-guidance/resources/ftc-safeguards-rule-what-your-business-needs-know) Use your bank contract to identify duties to disclose to the insurer and any requested coverage terms. The bank guidance describes banks’ third-party risk process; it does not set vendor insurance limits. [Agencies Issue Final Guidance on Third-Party Risk Management](https://occ.treas.gov/news-issuances/news-releases/2023/nr-ia-2023-53.html) ## Separate Fintech Loss Scenarios Before Comparing Quotes Write separate examples for a software or service error, a security incident, an interrupted system, a disputed transfer, a premises injury, and an employee claim. CGL has defined bodily-injury and property-damage areas; professional, cyber, crime, and employment forms are distinct categories. Do not assume one label answers another scenario. [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm), [Small Business Insurance](https://content.naic.org/consumer/small-business.htm), [Insurance Topics | Cybersecurity](https://content.naic.org/insurance-topics/cybersecurity) For each quote, ask the broker to show the relevant policy wording, exclusions, conditions, limits, sublimits, waiting periods, and named entities. If a counterparty requests a policy change, ask the broker whether the insurer will issue the required wording and review it before agreeing. [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm) ## Refresh the Fintech Insurance Application When the Business Changes Update the application when you add a product, hold or transmit funds, take on a new bank partner, change a vendor, expand to another state, or hire a team. The point is to make the insurer’s description match the activities and contracts you actually have. [Agencies Issue Final Guidance on Third-Party Risk Management](https://occ.treas.gov/news-issuances/news-releases/2023/nr-ia-2023-53.html), [FTC Safeguards Rule: What Your Business Needs to Know](https://www.ftc.gov/business-guidance/resources/ftc-safeguards-rule-what-your-business-needs-know) In California, DWC says employers with one or more employees must meet the state workers compensation requirement and points to the statutory employee definition, with separate owner and officer details. Check other states separately. [Answers to Frequently Asked Questions for Employers](https://www.dir.ca.gov/DWC/faqs.html) ## Which Providers Should You Compare for Fintech? These providers document the coverage listed below. Providers are ordered by the average of their Reliability Score and Review Score, weighted equally. This is not confirmation that your business qualifies. Scores describe the provider, not an individual policy. ### General Liability Insurance Providers for Fintech #### [biBerk](https://thegeneralaverage.com/insurance-providers/biberk) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/biberk/reliability) **Review Score** 9.0 / 10 (3 rated sources). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/biberk/reviews) [General Liability Insurance From biBerk | Get A Quote Today](https://www.biberk.com/small-business-insurance/general-liability-insurance) #### [CNA](https://thegeneralaverage.com/insurance-providers/cna) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/cna/reliability) **Review Score** 9.0 / 10 (1 rated source). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/cna/reviews) [Commercial General Liability Insurance | CNA Insurance](https://www.cna.com/products/general-liability) #### [Foxquilt](https://thegeneralaverage.com/insurance-providers/foxquilt) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/foxquilt/reliability) **Review Score** 8.9 / 10 (3 rated sources). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/foxquilt/reviews) [Commercial General Liability](https://www.foxquilt.com/businesscoverage/commercial-general-liability.html) [+45 more General liability providers](https://thegeneralaverage.com/coverage/general-liability#documented-providers) ### Tech E&O Insurance Providers for Fintech #### [CNA](https://thegeneralaverage.com/insurance-providers/cna) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/cna/reliability) **Review Score** 9.0 / 10 (1 rated source). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/cna/reviews) [Cyber Insurance - Cyber Risk Solutions | CNA Insurance](https://www.cna.com/products/cyber) #### [Foxquilt](https://thegeneralaverage.com/insurance-providers/foxquilt) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/foxquilt/reliability) **Review Score** 8.9 / 10 (3 rated sources). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/foxquilt/reviews) [Professional Liability (E&O)](https://www.foxquilt.com/businesscoverage/professional-liability.html) #### [Coalition](https://thegeneralaverage.com/insurance-providers/coalition) **Reliability Score** Broker Reliability Score: 6.1 / 10 (75% of rubric assessed). Assessed 2026-09-23. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/coalition/reliability) Carrier & MGA Reliability Score: 6.3 / 10 (80% of rubric assessed). Assessed 2026-09-23. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/coalition/reliability) **Review Score** 10.0 / 10 (1 rated source). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/coalition/reviews) [Tech E&O Insurance Coverage](https://www.coalitioninc.com/technology-errors-and-omissions-insurance) · [U.S. Disclaimers](https://www.coalitioninc.com/legal/disclaimer) [+29 more Technology errors and omissions (E&O) providers](https://thegeneralaverage.com/coverage/technology-errors-omissions#documented-providers) ### Cyber Insurance Providers for Fintech #### [biBerk](https://thegeneralaverage.com/insurance-providers/biberk) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/biberk/reliability) **Review Score** 9.0 / 10 (3 rated sources). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/biberk/reviews) [Cyber Insurance & Data Breach Coverage for Business | biBerk](https://www.biberk.com/small-business-insurance/cyber-insurance) #### [CNA](https://thegeneralaverage.com/insurance-providers/cna) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/cna/reliability) **Review Score** 9.0 / 10 (1 rated source). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/cna/reviews) [Cyber Insurance - Cyber Risk Solutions | CNA Insurance](https://www.cna.com/products/cyber) #### [Foxquilt](https://thegeneralaverage.com/insurance-providers/foxquilt) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/foxquilt/reliability) **Review Score** 8.9 / 10 (3 rated sources). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/foxquilt/reviews) [Cyber Business Insurance](https://www.foxquilt.com/businesscoverage/cyber-insurance.html) [+47 more Cyber liability providers](https://thegeneralaverage.com/coverage/cyber#documented-providers) ### Crime Insurance Providers for Fintech #### [CNA](https://thegeneralaverage.com/insurance-providers/cna) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/cna/reliability) **Review Score** 9.0 / 10 (1 rated source). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/cna/reviews) [Management Liability Insurance and Professional Liability](https://www.cna.com/products/management-liability) #### [Foxquilt](https://thegeneralaverage.com/insurance-providers/foxquilt) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/foxquilt/reliability) **Review Score** 8.9 / 10 (3 rated sources). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/foxquilt/reviews) [Smarter Crime Insurance](https://www.foxquilt.com/businesscoverage/crime.html) #### [Marsh McLennan Agency](https://thegeneralaverage.com/insurance-providers/marsh-mclennan-agency) **Reliability Score** Broker Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/marsh-mclennan-agency/reliability) **Review Score** 8.2 / 10 (2 rated sources). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/marsh-mclennan-agency/reviews) [Executive and Professional Liability | MMA](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html) [+34 more Crime providers](https://thegeneralaverage.com/coverage/crime#documented-providers) ### D&O Insurance Providers for Fintech #### [CNA](https://thegeneralaverage.com/insurance-providers/cna) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/cna/reliability) **Review Score** 9.0 / 10 (1 rated source). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/cna/reviews) [Private Company Directors & Officers Liability | CNA](https://www.cna.com/sites/default/files/assets/097cd07b-3b87-4f3e-94f5-f6ecddf84d7b/cna-rc-epack3-private-company-directors-officers-liability-ss.pdf?ContentCache=NONE&MOD=AJPERES) #### [Marsh McLennan Agency](https://thegeneralaverage.com/insurance-providers/marsh-mclennan-agency) **Reliability Score** Broker Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/marsh-mclennan-agency/reliability) **Review Score** 8.2 / 10 (2 rated sources). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/marsh-mclennan-agency/reviews) [Executive and Professional Liability | MMA](https://www.marshmma.com/us/solutions/executive-and-professional-liability.html) #### [Coalition](https://thegeneralaverage.com/insurance-providers/coalition) **Reliability Score** Broker Reliability Score: 6.1 / 10 (75% of rubric assessed). Assessed 2026-09-23. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/coalition/reliability) Carrier & MGA Reliability Score: 6.3 / 10 (80% of rubric assessed). Assessed 2026-09-23. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/coalition/reliability) **Review Score** 10.0 / 10 (1 rated source). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/coalition/reviews) [Executive Risks](https://www.coalitioninc.com/executive-risks-insurance) · [U.S. Disclaimers](https://www.coalitioninc.com/legal/disclaimer) [+37 more Directors and officers providers](https://thegeneralaverage.com/coverage/directors-officers#documented-providers) ### Workers’ Compensation Insurance Providers for Fintech #### [biBerk](https://thegeneralaverage.com/insurance-providers/biberk) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/biberk/reliability) **Review Score** 9.0 / 10 (3 rated sources). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/biberk/reviews) [Workers’ Compensation Insurance From biBerk | Get A Quote](https://www.biberk.com/small-business-insurance/workers-compensation-insurance) · [biBerk Insurance Review 2026: Berkshire Hathaway’s Basic Online Storefront | NerdWallet](https://www.nerdwallet.com/business/insurance/learn/biberk-insurance) #### [CNA](https://thegeneralaverage.com/insurance-providers/cna) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/cna/reliability) **Review Score** 9.0 / 10 (1 rated source). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/cna/reviews) [Workers’ Compensation Insurance | CNA Insurance](https://www.cna.com/products/workers-compensation) #### [Foxquilt](https://thegeneralaverage.com/insurance-providers/foxquilt) **Reliability Score** Carrier & MGA Reliability Score: - / 10 (Assessment status unavailable). Assessed 2026-09-29. [Assessment Scope](https://thegeneralaverage.com/insurance-providers/foxquilt/reliability) **Review Score** 8.9 / 10 (3 rated sources). [Review Sources and Method](https://thegeneralaverage.com/insurance-providers/foxquilt/reviews) [Workers’ Compensation Insurance](https://www.foxquilt.com/businesscoverage/workers-compensation.html) [+38 more Workers’ compensation providers](https://thegeneralaverage.com/coverage/workers-compensation#documented-providers) Review Scores average eligible source ratings, including approximate BBB grade conversions; they are not pooled customer ratings. [How Reliability Scores Work](https://thegeneralaverage.com/reliability-score). ## Common Questions About Insurance for Fintech ### Does calling a company fintech mean it has to buy a particular policy? No. A fintech label does not determine a purchase. Check which rules apply to the company’s activity and jurisdiction, then review any separate condition in a signed bank or customer contract. [FTC Safeguards Rule: What Your Business Needs to Know](https://www.ftc.gov/business-guidance/resources/ftc-safeguards-rule-what-your-business-needs-know), [Agencies Issue Final Guidance on Third-Party Risk Management](https://occ.treas.gov/news-issuances/news-releases/2023/nr-ia-2023-53.html) [Read the full answer](https://thegeneralaverage.com/industries/fintech/does-fintech-status-require-insurance) ### What should a fintech send a broker before requesting quotes? Send an operating map and the contracts that define your work, data handling, money movement, and partner obligations. [Agencies Issue Final Guidance on Third-Party Risk Management](https://occ.treas.gov/news-issuances/news-releases/2023/nr-ia-2023-53.html), [FTC Safeguards Rule: What Your Business Needs to Know](https://www.ftc.gov/business-guidance/resources/ftc-safeguards-rule-what-your-business-needs-know) [Read the full answer](https://thegeneralaverage.com/industries/fintech/what-to-send-fintech-insurance-broker) ## Best Provider Rankings for Fintech - [Best Cyber Insurance for Financial Services Firms](https://thegeneralaverage.com/best/cyber/financial-services-firms) ## Sources and Further Reading for Fintech - [Small Business Insurance](https://content.naic.org/consumer/small-business.htm) — National Association of Insurance Commissioners. General liability, what it does not cover, and other business insurance types; accessed 2026-09-28. General explanations of CGL and other small-business lines; not financial-services wording or a policy form. - [Insurance Topics | Cybersecurity](https://content.naic.org/insurance-topics/cybersecurity) — National Association of Insurance Commissioners. Cyber risks and cyber insurance; page background last updated May 9, 2024; accessed 2026-09-28. General cyber customization and common property/CGL limitation context; not a fintech response opinion. - [Agencies Issue Final Guidance on Third-Party Risk Management](https://occ.treas.gov/news-issuances/news-releases/2023/nr-ia-2023-53.html) — Office of the Comptroller of the Currency, Federal Reserve Board, and Federal Deposit Insurance Corporation. Joint release, bank third-party relationship lifecycle and fintech examples; accessed 2026-09-28. Bank-side third-party relationship guidance that can help founders identify partner contract and diligence questions; it does not set vendor insurance requirements. - [FTC Safeguards Rule: What Your Business Needs to Know](https://www.ftc.gov/business-guidance/resources/ftc-safeguards-rule-what-your-business-needs-know) — Federal Trade Commission. Who must comply and what is a financial institution; accessed 2026-09-28. FTC activity- and jurisdiction-scoped examples that can help founders describe data and service roles to counsel and an insurer. - [Commercial Insurance Guide](https://www.insurance.ca.gov/01-consumers/105-type/95-guides/09-comm/commercialguide.cfm) — California Department of Insurance. Form 700, revised June 14, 2024; commercial property and covered causes, crime, commercial general liability, time element, workers compensation, and rating sections; accessed 2026-09-28. California commercial guide for general liability, crime, workers compensation, business interruption, and quote-review examples; California rules stay California-specific. - [Answers to Frequently Asked Questions for Employers](https://www.dir.ca.gov/DWC/faqs.html) — California Department of Industrial Relations, Division of Workers’ Compensation. Who must purchase workers compensation; California rule and owner/officer qualifications; accessed 2026-09-28. California employer workers compensation requirement and owner/officer eligibility discussion; not a rule for other states. This guide is general insurance buying education, not legal advice or a coverage opinion. Ask a licensed broker and insurer to review the actual policy wording against your operations and contracts. Updated 2026-09-28. 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