Members of senior management and boards at FinTech businesses can be held personally liable for claims brought against them for any action taken during their time as a director or officer. Specialist FinTech policies offer management liability – or D&O - insurance, which protects the personal assets of the directors and officers, as well as those of their spouses and estates. This protection is also now proving significant when it comes to recruitment, as it enables companies to attract and retain the best directors available. It’s worth noting that claims against directors can be brought even if the company is not a public company. Claims can be brought by customers or clients, competitors or contractors, third parties and even shareholders or lenders.