Secret High Limit Insurance Every Fintech Needs Now
The Cost and Benefits of High Limit Insurance
While high limit insurance comes at a premium, the benefits far outweigh the costs. Policies typically range from $50,000 to several million dollars annually, depending on the coverage limits and the specific risks covered. However, the peace of mind and financial security it provides are invaluable. According to a study by Deloitte, the average cost of a data breach in the financial sector is approximately $5.86 million2. With high limit insurance, fintech companies can mitigate these costs and focus on growth and innovation.