Skyrocket Fintech Success With Fiduciary Liability Insurance Secret
Why Fintech Companies Need Fiduciary Liability Insurance
Fintech companies are uniquely positioned at the intersection of finance and technology, making them susceptible to a myriad of risks. Fiduciary liability insurance provides a safety net against potential lawsuits that could arise from alleged breaches of fiduciary duty. For example, if a fintech company is accused of improperly managing employee retirement plans, this insurance can cover legal defense costs and any settlements or judgments1.