When it comes to the world of cryptocurrency, insurance companies are beginning to take notice. To provide coverage for businesses and exchanges that deal in digital currencies, many insurers are starting to offer policies that protect against theft, loss, or damage. Here is a look at six of the best cryptocurrency insurance companies.
Aon has been a leading insurance broker in business for over 100 years. The company has dedicated cryptocurrency insurance experts working with clients to custom-tailor policies that meet their needs. Aon offers coverage for both hot and cold wallets and protection against hacking, theft, and fraud.
Marsh is another leading insurance broker with a long history in the industry. The company has also quickly jumped on the cryptocurrency insurance bandwagon and offers coverage for individuals and businesses. Marsh’s policies protect against loss or theft of digital assets and damage to the hardware used for mining or storing cryptocurrencies.
- XL Catlin
XL Catlin is an insurance company offering coverage for new and emerging risks for over 150 years. The company provides a range of cryptocurrency insurance products, including protection against loss or theft of digital assets and cybercrime. XL Catlin also offers coverage for businesses that accept cryptocurrencies as payment and has a team of dedicated cryptocurrency insurance experts to help custom-tailor policies.
Beazley is a world-renowned insurance company protecting businesses for over 25 years. The company offers several different policies, but its cryptocurrency insurance policy is one of the most comprehensive on the market. Beazley’s policy covers several other risks, including loss or theft of private keys, cyber-attacks, and fraud. The policy also provides coverage for third-party liability, meaning that if your business is sued for damages caused by your use of cryptocurrency, Beazley will help to cover the costs.
- Cryptocurrency insurance.io
It is a new entrant to cryptocurrency insurance and has quickly become one of the most popular options. The company offers various coverage options, including protection against hacking, cybercrime, and fraud. They also provide coverage for loss of digital currency due to hardware failure or human error. Cryptocurrency insurance.io is one of the few companies that offers hot and cold wallet coverage. They also have a very user-friendly website and customer service, team.
- Block risk insurance
Block risk insurance is another relatively new player in the cryptocurrency insurance space. The company was founded in 2018 and offers policies that cover the loss or theft of digital assets and the costs associated with recovery efforts.
Block risk insurance is available to individuals and businesses, and the company has a team of underwriters with experience in the cryptocurrency space. Besides this, the company also has a solid claims process, often lacking in the crypto insurance space.
When it comes to cryptocurrency insurance, there are several options available. Each company has its strengths and weaknesses, so it is essential to do your research before choosing a policy. That being said, the six companies listed above are all solid choices regarding insuring your digital assets.