Wallet Insurance
Securing the Future: The Essential Role of Crypto Wallet Insurance
The rapid expansion of the digital asset market has placed crypto wallets at the forefront of innovation and risk. As essential tools for managing and securing cryptocurrencies, these wallets face unique challenges, such as cyber threats and operational vulnerabilities. Crypto wallet insurance emerges as a critical solution, providing indispensable protection against theft, hacking, and technical failures, ensuring the safety of digital assets.
By embracing crypto wallet insurance, wallet technology providers, exchanges, custodies and their users can significantly reduce the risks associated with digital asset storage and transactions. This coverage not only instills confidence among users but also positions providers as responsible and trustworthy market leaders. Ultimately, crypto wallet insurance is a strategic necessity, fostering trust and security, which are essential for the long-term sustainability of the digital asset ecosystem.
Who is it for?
We provide highly customised wallet insurance to various types of business in the blockchain & cryptocurrency industry.
Custodian
Wallet Tech Service Provider
Asset Manager
Exchange
Why us?
Bridging Worlds
Web3 and insurance jargon? We’re fluent in both. We get Web3 risk management and compliance needs and are here to provide a no-nonsense, top-notch insurance experience.
Beyond Insurance
We treat insureds not just as customers but as partners. Our cybersecurity, risk management, and underwriting experts are hands-on to help fine-tune clients’ defenses and meet the security standards. We’re in this together.
Reinforced Security
We’ve teamed up with heavyweight reinsurers to provide
best-in-class coverage across the widest range of products.
Our Skin in the Game
We’re among the first in the world to insure digital assets, with the backing of local regulators. It means that we provide capacity ourselves, putting our own capital at risk to insure Web3 players.
What is covered?
Physical Damages
Physical damages resulting from natural hazards causing the loss of private keys
Employee Theft
Loss caused by deliberate and dishonest acts of employees
Theft on Premises
Theft by a third party from the location where private keys are stored
Cybersecurity Threats (available to Cyber or Crime coverage only)
Loss caused by external hacking, malware attack or computer fraud
What is not covered?
Normal Wear & Tear
Wear and tear of physical wallets due to usage and preservation
Smart Contract Risks
Loss due to cyberattacks and technological failure of smart contracts
Director & Key Management Negligence or Fraud
Loss caused by deliberate and dishonest acts of management level personnel
How does it work?
1 Apply Online
Fill in the preliminary assessment form here
2 We Reach Out
Our team will communicate with you for better understanding of your needs and requirements
3 Underwriting
Our experts will assess operation and technology risks of your business processes and infrastructure
4 Customise Offer
Based on your needs and our underwriting results, we will issue a customised policy to protect your assets
