Crypto Insurance is essential for protecting businesses and individuals engaged in the digital asset ecosystem from the risks associated with cyberattacks, theft, and operational failures. With the volatility and innovation inherent in the cryptocurrency space, Crypto Insurance provides financial security and peace of mind for clients managing valuable digital holdings. For brokers, this is a fast-growing area of opportunity to meet the evolving needs of tech-savvy clients.
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Our policy covers theft of cryptocurrency stored in digital wallets due to hacking or security breaches. Whether it’s cold storage or hot wallets, Crypto Insurance protects against the financial losses caused by malicious attacks.
This coverage reassures brokers’ clients that their assets are safeguarded against the ever-present threat of cybercrime.
Crypto Insurance provides coverage for losses stemming from cyberattacks on exchanges, wallets, or infrastructure. This includes ransomware attacks, phishing scams, and unauthorised access incidents.
Brokers can position this coverage as an essential protection for businesses operating in high-risk digital environments.
Errors in transactions, such as incorrect transfers or operational mistakes leading to asset losses, are covered under our policy. This is particularly relevant for brokers working with cryptocurrency exchanges, custodians, or payment processors.
This feature helps businesses maintain operational confidence despite the complexity of digital asset management.
For companies providing custodial services, our policy ensures that client assets held in custody are protected against theft, fraud, and operational mishandling.
This is a valuable offering for brokers targeting institutional clients such as hedge funds and family offices with significant cryptocurrency exposure.
Crypto Insurance includes coverage for legal expenses and fines related to regulatory compliance challenges. This ensures that businesses can effectively address evolving global regulatory standards without incurring excessive financial strain.
Brokers can emphasise this coverage as crucial for clients navigating the complexities of international cryptocurrency laws.
If an exchange or platform suffers an outage or cyberattack, Crypto Insurance covers the resulting income losses and additional operational costs. This ensures that businesses remain financially resilient during downtime.
Brokers can highlight this as a critical feature for high-transaction environments where downtime can be especially costly.
Our policy protects against internal and external fraud, including unauthorised transactions or embezzlement by employees or third parties.
This feature assures brokers’ clients that their operations are protected from malicious actions, even from within.
Crypto Insurance covers liabilities associated with ICOs or token launches, including legal defence and compensation for investors in the event of disputes or failures.
This coverage helps brokers support clients navigating the risks of new token offerings in a volatile market.
With reliance on smart contracts in blockchain transactions, our policy covers losses resulting from coding errors, execution failures, or exploits in deployed contracts.
This is particularly valuable for decentralised finance (DeFi) platforms and can be a key selling point for brokers targeting this sector.
Crypto Insurance also addresses one of the most significant risks in cryptocurrency: the loss of private keys. Our policy covers financial losses resulting from this critical issue, offering peace of mind for clients managing significant holdings.
While Crypto Insurance offers extensive protection, exclusions may include:
Brokers should guide clients through these exclusions to ensure clarity and recommend complementary solutions as needed.
Our policy covers theft of cryptocurrency stored in digital wallets due to hacking or security breaches. Whether it’s cold storage or hot wallets, Crypto Insurance protects against the financial losses caused by malicious attacks.
This coverage reassures brokers’ clients that their assets are safeguarded against the ever-present threat of cybercrime.
Crypto Insurance provides coverage for losses stemming from cyberattacks on exchanges, wallets, or infrastructure. This includes ransomware attacks, phishing scams, and unauthorised access incidents.
Brokers can position this coverage as an essential protection for businesses operating in high-risk digital environments.
Errors in transactions, such as incorrect transfers or operational mistakes leading to asset losses, are covered under our policy. This is particularly relevant for brokers working with cryptocurrency exchanges, custodians, or payment processors.
This feature helps businesses maintain operational confidence despite the complexity of digital asset management.
For companies providing custodial services, our policy ensures that client assets held in custody are protected against theft, fraud, and operational mishandling.
This is a valuable offering for brokers targeting institutional clients such as hedge funds and family offices with significant cryptocurrency exposure.
Crypto Insurance includes coverage for legal expenses and fines related to regulatory compliance challenges. This ensures that businesses can effectively address evolving global regulatory standards without incurring excessive financial strain.
Brokers can emphasise this coverage as crucial for clients navigating the complexities of international cryptocurrency laws.
If an exchange or platform suffers an outage or cyberattack, Crypto Insurance covers the resulting income losses and additional operational costs. This ensures that businesses remain financially resilient during downtime.
Brokers can highlight this as a critical feature for high-transaction environments where downtime can be especially costly.
Our policy protects against internal and external fraud, including unauthorised transactions or embezzlement by employees or third parties.
This feature assures brokers’ clients that their operations are protected from malicious actions, even from within.
Crypto Insurance covers liabilities associated with ICOs or token launches, including legal defence and compensation for investors in the event of disputes or failures.
This coverage helps brokers support clients navigating the risks of new token offerings in a volatile market.
With reliance on smart contracts in blockchain transactions, our policy covers losses resulting from coding errors, execution failures, or exploits in deployed contracts.
This is particularly valuable for decentralised finance (DeFi) platforms and can be a key selling point for brokers targeting this sector.
Crypto Insurance also addresses one of the most significant risks in cryptocurrency: the loss of private keys. Our policy covers financial losses resulting from this critical issue, offering peace of mind for clients managing significant holdings.
While Crypto Insurance offers extensive protection, exclusions may include:
Brokers should guide clients through these exclusions to ensure clarity and recommend complementary solutions as needed.
What is Crypto Insurance?
Crypto Insurance provides coverage against the unique risks associated with cryptocurrencies and blockchain technologies. It protects businesses and individuals from financial losses related to cybercrime, operational errors, and emerging risks in the digital asset space.
Who Needs Crypto Insurance?
Crypto Insurance is critical for:
Covers theft, fraud, and operational errors unique to digital assets.
Protects businesses and individuals from significant financial losses due to crypto-related risks.
Provides coverage for legal expenses related to compliance challenges.
Policies designed to address the unique needs of cryptocurrency stakeholders.
Access to leading cybersecurity and legal professionals to manage incidents effectively.
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What does Crypto Insurance cover?
Crypto Insurance covers risks including cyber theft, operational errors, smart contract failures, fraud, and loss of private keys.
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Is Crypto Insurance mandatory?
While not legally required, businesses handling digital assets or operating in the cryptocurrency space view it as essential protection against significant financial risks.
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How does Crypto Insurance address hacking incidents?
Our policy covers financial losses from hacks on wallets, exchanges, or custodial services, ensuring recovery from even the most sophisticated cyberattacks.
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What industries benefit the most from Crypto Insurance?
Exchanges, custodial services, DeFi platforms, and institutional investors benefit significantly from Crypto Insurance due to the inherent risks in managing digital assets.
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Does the policy cover cryptocurrency price volatility?
No, Crypto Insurance does not cover losses from market price fluctuations. It focuses on protecting against operational risks and cyber threats.
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Can individuals purchase Crypto Insurance?
Yes, individuals holding significant cryptocurrency assets can purchase policies tailored to their needs, including protection against the loss of private keys or wallet hacks.
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How does the claims process work?
In the event of a covered incident, clients report the claim to our team, which guides them through recovery, investigation, and reimbursement processes.
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What is the difference between Crypto Insurance and Cyber Liability Insurance?
While Cyber Liability Insurance addresses general cyber risks, Crypto Insurance is specifically designed to cover risks unique to the cryptocurrency and blockchain ecosystem.
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Is coverage available for token launches?
Yes, our policy includes ICO liability coverage, ensuring legal and financial protection for clients issuing tokens or conducting public offerings.
