CoverBizz

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Banking & Fintech Industry

Bank on Us: Insurance Built for Banking & Fintech Innovators

Stay ahead of financial risks with tailored insurance for banks, NBFCs, payment gateways, and fintech platforms. From cyber breaches to regulatory fines, we safeguard your digital and physical assets so you can focus on disrupting finance

Banking & Fintech Industry

    Insurance Products

    Cyber & Data Breach Insurance

    Protection against digital threats
    Covers ransomware, data theft, business interruption, and regulatory fines under GDPR/IT Act 2000 for banks and fintech platforms
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    Technology E&O Insurance

    Errors & omissions protection
    Covers software failures, API errors, transaction mistakes, and professional negligence with defence and settlement costs
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    Fidelity & Crime Insurance

    Guard against internal fraud
    Covers employee dishonesty, funds misappropriation, third-party fraud, and social engineering scams with tailored limits
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    Directors & Officers (D&O) Liability

    Shield leadership from suits
    Covers civil and regulatory claims against directors/officers for decisions causing financial loss or compliance breaches
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    Regulatory & Compliance Liability

    Protect against fines & penalties
    Covers IRDAI, RBI, SEBI, PFRDA penalties and legal costs arising from non-compliance or supervisory actions
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    Business Interruption Insurance

    Continuity for downtime
    Compensates lost income and extra expenses when cyber-attacks or tech failures halt operations
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    Crime Tech Liability Insurance

    Emerging fintech risks
    Covers cryptocurrency theft, smart contract bugs, stablecoin de-pegging losses, and cyber-heist events
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    Trusted By 1500+ Enterprises

    Join businesses who trust CoverBizz to secure financial futures

    What Keeps Banking & Fintech Leaders Awake at Night?

    Top 5 Current Risks

    01

    Cyber attacks & data breaches

    Ransomware, data leaks, and incident response costs disrupting operations and customer trust.

    02

    Digital fraud & financial crime

    Account takeover, mule networks, social engineering, and payment fraud driving direct losses.

    03

    Regulatory scrutiny & compliance gaps

    KYC/AML lapses, audits, investigations, and penalties impacting licenses and growth plans.

    04

    System outages & tech failures

    App downtime, failed releases, vendor outages, and transaction processing interruptions.

    05

    Leadership, governance & investor claims

    Board decisions challenged, misstatements, control failures, or strategic moves triggering disputes.

    01

    Jewellers Block Insurance

    All-risk coverage for stock, transit, and premises - the foundation of jewellery protection

    02

    Burglary & Theft Protection

    Specialized coverage against criminal activities targeting high-value inventory

    03

    Fire & Allied Perils

    Comprehensive protection against natural disasters affecting premises and stock

    04

    Transit Insurance

    Coverage for goods movement via all transport modes across India

    05

    Money Insurance

    Protection for cash transactions and currency notes at premises and in transit

    How CoverBizz Protects Your Banking & Fintech Business

    Most Bought Insurance

    Professionals Covered

     

    Board & C-Suite

    D&O liability protection

    IT & Security Teams

    Cyber liability coverage

    Finance & Operations

    Fidelity and crime insurance

    Compliance Officers

    Regulatory fines coverage

    Developers & Engineers

    Tech E&O protection

    Customers & Partners

    Third-party liability coverage

    Inclusions & Exclusions

    Inclusions

    Cyber incidents

    Ransomware, DDoS, data theft, business interruption covered

    Professional negligence

    Errors, omissions, API failures, tech bugs included

    Employee dishonesty

    Internal/fraudulent acts, social engineering covered

    Regulatory actions

    Fines, penalties, legal defence costs included

    Crypto-related losses

    Smart contract exploits, wallet hacks covered under Crime Tech

    Exclusions

    Pre-existing breaches

    Incidents before policy inception excluded

    War & terrorism

    State-sponsored cyber warfare and terrorism excluded

    Contractual penalties

    Liquidated damages or contractual fines unless covered

    Non-IT failures

    Physical asset failures not related to tech excluded

    Regulatory disclosure fines

    Fines for non-disclosure of breaches unless endorsed

    Insights & Resources

    Why Get Insured

    Why Banking & Fintech Must Insure Innovation

    Payment Gateway Cyber Heist

    A mid-sized PSP recouped ₹4 cr via cyber cover after a targeted data breach halted transactions.

    D&O Victory

    Fintech startup executives defended in a ₹50 L investor lawsuit, thanks to robust D&O policy.

    AML Penalty Protection

    NBFC avoided ₹2 cr penalty under PMLA breach through regulatory liability cover.

    System Failure Recovery

    Digital lender resumed operations overnight after cloud outage, with BI cover compensating ₹30 L in lost interest.

    Insurance Partners

    We’re Partners With 20+ Major Insurance Companies

    FAQ's

    What cyber incidents are covered under data breach insurance?

    Incident response costs, ransom payments, business interruption, and regulatory fines due to data breaches and hacks.

    Is Technology E&O separate from cyber insurance?

    Yes—Tech E&O covers professional liability for coding errors and software failures, while cyber insurance covers network security breaches.

    How are fidelity limits determined?

    Limits are based on transaction volumes, employee headcount, and prior fraud history to ensure adequate protection.

    Does D&O cover regulatory investigations?

    Yes—D&O policies cover legal defence costs and settlements arising from regulatory inquiries by RBI, SEBI, or IRDAI.

    Are cryptocurrency losses covered?

    Under Crime Tech Liability, theft of crypto assets, smart contract exploits, and rug pulls are covered up to specified limits.

    Customers Says..​

    “They reviewed our previous cyber proposal and flagged exclusions we hadn’t noticed. We upgraded cover before onboarding a new enterprise client.”
    Harshita Shah
    Harshita Shah Delhi
    "What we liked most: servicing. Quick answers, clean summaries, and they stay involved even after policy issuance.”
    Vivek Nair
    Vivek Nair Hyderabad
    “Claims are usually where things get slow. CoverBizz stayed on calls with the insurer and kept us updated till the file moved forward.”
    Megha Nair
    Megha Nair Hyderabad

    Innovation drives finance, but risk follows every byte and rupee.
    Don’t let cyber attacks, tech bugs, or compliance missteps derail your vision. Secure your bank or fintech platform with industry-specialized insurance that thinks like you.

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