Digital Asset Protection

Insurance solutions for the Digital Asset and Web3 industry

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As businesses increasingly embrace blockchain technology, cryptocurrencies and
tokenized assets, safeguarding these digital assets becomes paramount. Innovative insurance solutions can help manage the unique risks associated with digital assets, providing companies and their investors with the confidence and security needed to
operate effectively.

Total losses from crypto hacks in 2024 amounted to

$2.2bn

Source: Chainalysis

Our tailored insurance products address the needs of:

Professional custodians securing large volumes of crypto assets
Institutional holders of cryptocurrencies and tokenized real-world assets
Wallet technology providers, and DeFi protocols where comprehensive coverage of smart contract risks is essential

Featured digital asset coverage solutions:

Digital Asset Comprehensive Crime (Plus)

Our Digital Asset Comprehensive Crime Policy is specifically designed to protect digital assets under your custody and to cover your liability against a wide range of threats. It covers claims from customers related to liability arising from both internal and external threats:

External hacking

Breaches and unauthorized access by external hackers

Employee fraud

Internal theft perpetrated by employees

Physical theft or destruction

Theft or physical damage of cold-storage media on premise

Breach of external providers

Breaches of the systems of external wallet tech service providers

Who benefits from our Digital Asset Comprehensive Crime Cover?

With our Comprehensive Crime Cover you benefit from an extended coverage that even includes breaches of the system of external service providers, offering an extra layer of security beyond standard comprehensive coverage. Specifically designed for:

Professional custodians / Digital asset trading platforms / Financial institutions operating custodial services for digital assets

Additional tailored coverage is available for:

Institutional asset owners as first-party “own loss” coverage contingent on third-party custodians
Wallet infrastructure technology providers as adapted “non-custodial” liability coverage for corporate clients

Further solutions to protect your digital assets:

Staking risk and E&O insurance

Our staking risk insurance safeguards against potential slashing risks inherent in Proof-of-Stake consensus mechanisms such as Ethereum, shielding investors from losses due to network rule violations.

Who benefits from the cover:

Staking service operators
Professional custodians / Crypto trading platforms using the services of staking operators
Institutional asset owners as first-party “own loss” coverage in respect of third-party staking operators

Smart contract risks insurance

Smart contracts become increasingly essential for blockchain-based financial operations. Our Smart Contract Risks Insurance provides crucial protection against asset loss from failures, breaches, compromises, or exploitations by external parties.

Who benefits from the cover: