Insurtech Business Insurance

As an organization focused on the insurance industry, you’re obviously familiar with the potential losses and liabilities your insurtech business is exposed to on a daily basis. If you’ve been looking for an insurance policy that can keep up with and address the concerns of your cutting-edge insuretech business, you’ve found it!

ALIGNED is proud to offer insurtech business insurance and is an industry leader in insurance, crisis and risk management for established, early stage and startup insuretech and fintech companies. Below are some of the benefits of an insurtech business insurance policy ALIGNED can secure on your behalf.

More than Insurance for Insurtech Businesses

Providing you with processes and 24/7 access to a team of experts in electronic and off-line data breaches, your insurance technology company policy gets you immediate assistance for network security incidents, theft, telephone freaking, and privacy breaches. This dedicated team of specialists provides advice and support including:

  • Digital data breach containment
  • Identification of compromised data
  • Digital data and systems restoration
  • Assessment of notification obligations and prompt notifications when necessary
  • Improving your customer experience with call centre services deployed when needed
  • Assessment of liability exposures and response strategies developed
  • Credit and web monitoring for affected parties when required
  • Technical forensic investigations 
  • Notification and updating of regulators 
  • Public relations and reputation restoration services

While insurtech business insurance can address many of your liability and loss exposures, additional coverages are likely needed for full protection of insurtech companies.

Additional Coverages Recommended for Insurtech Businesses

insurtech business insurance
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Your insurance requirements are unique. Your insurance coverage should be too. These are some of the coverages to look for in an insurance company for insurtech business:

Errors & Omissions (E&O) / Professional Liability Insurance 

In case of claims that your insurtech business’s advice, errors, omissions and/or negligence led to client losses, E&O insurance can provide coverage for regulatory investigations and legal expenses including lawyer’s fees, out-of-court settlements and awards for damages.

Crime Insurance / Fidelity Insurance 

Whether due to your employees or outside parties, this coverage can insure theft of cash and/or financial instruments belonging to your insurtech business or those that you’re legally responsible for. 

Cyber Liability & Privacy Insurance 

Add an extra layer of protection in case your insurtech business falls victim to hacks, DDOS attacks, viruses and more. This policy can cover legal liabilities and losses as well as data breach management and business interruption costs.

Directors & Officers (D&O) / Board Insurance 

Protection for your board members for ‘wrongful acts’ that also includes extradition defence costs and liability for prospectus statements. 

ALIGN Yourself With An Insurance Company Who Understands The Commercial Insurance Value Chain

Commercial insurance is all we do. Our advocates save business owners time, money and the headaches of shopping around for insurtech business insurance policies that fit your budget and provides comprehensive coverage in your insurance value chain. Contact an ALIGNED insurance agent for more information or to get a free quote on insurtech business insurance in minutes. Ready to get started right away? Start the process now by using our free online tool. Contact your full-service insurance provider today!

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