Evertas is the world’s first crypto insurance company, offering A+ rated coverage for new risks associated with cryptocurrencies. It is the only crypto insurance company backed by Lloyd’s of London, one of the oldest and most reputable insurers.
Coverage Options
Mining Property: Protects mining hardware against physical damage, with coverage up to $420 million per location.
Platform Failure (Tech E&O): Covers losses up to $10 million due to technology errors in crypto operations.
Crime Theft/Loss: Protects digital assets and cash from theft, loss, or damage by external bad actors.
Insider Theft/Loss (Fidelity): Covers losses caused by internal employees and contractors, with coverage up to $420 million.
Directors and Officers (D&O): Provides up to $10 million in coverage for crypto company leadership against third-party legal action.
Digital Property (NFTs): Protects against loss or theft of digital possessions such as NFTs.
Unique Features
Evertas offers some of the highest coverage limits in the industry, recently increasing its overall coverage limit to $420 million.
They provide coverage worldwide, ensuring that crypto projects are protected no matter where they are located.
The company accepts cryptocurrency as a form of payment for their insurance policies, making it convenient for those heavily invested in digital assets.
And a quick example:
A cryptobro holds $5 million worth of various cryptocurrencies, including Bitcoin, Ethereum, and NFTs. He opts for a comprehensive policy that includes protection against theft, hacking, and insider threats. The cost of insurance with Evertas is highly specific to the individual’s needs and the coverage requested. For our cryptobro, the premium might range from 1% to 5% of the insured amount per year. This means he could pay between $50,000 to $250,000 annually for his $5 million coverage.
Seems quite a lot but it can grant you peace of mind, financial security and flexibility.
https://www.royalgazette.com/reinsurance/business/article/20240520/evertas-bumps-coverage-limits/ Show Less
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