Top 10 Insurance Companies Offering Services To Crypto-Native Enterprise

Cryptocurrency has taken the world by storm, and with it comes the need for insurance coverage for businesses that deal with digital assets. 

With the increasing number of cyberattacks, thefts and high volatility in the crypto world, businesses must protect their assets with insurance coverage to remain safeguarded. 

In this blog post, we’ll explore ten insurance companies that offer such services to crypto-native enterprises.

Below are some of the insurance companies covering crypto businesses worldwide:

10 Insurance Companies Covering Crypto Companies

1. Coincover:

This an insurance company that offers coverage for cryptocurrency assets held by individuals and businesses. Coincover protects against theft, loss, and damage, making it a reliable choice for businesses looking to protect their digital assets. The company also offers unique features and benefits, such as a recovery service that helps businesses recover lost or stolen assets.

2. Evertas:

Another insurance company that offers coverage for cryptocurrency assets is Evertas. Evertas protects against theft, loss, and damage and provides blockchain-based business and project insurance. Evertas’ unique features and benefits include a team of experts specialising in the crypto industry, making it an excellent choice for businesses seeking specialised coverage.

3. Lloyd’s of London:

Lloyd is a leading insurance marketplace offering coverage for cryptocurrency assets individuals and businesses hold. The company’s insurance policies cover theft, loss, and damage and provide blockchain-based enterprise and project insurance. Lloyd’s of London is a reliable choice for businesses looking for comprehensive coverage and a strong reputation in the insurance industry.

4. Aon 

Aon is a global insurance brokerage and consulting firm that offers coverage for cryptocurrency assets held by individuals and businesses. The company protects against theft, loss, and damage and offers insurance for blockchain-based businesses and projects. Aon’s unique features and benefits include a team of experts specialising in the crypto industry. This makes it an excellent choice for companies looking for specialised coverage.

5. Marsh

This is another global insurance brokerage, and consulting firm offering coverage for cryptocurrency assets individuals and businesses hold. The company protects against theft, loss, and damage and provides insurance for blockchain-based businesses and projects. Marsh’s unique features and benefits include a team of experts specialising in the crypto industry, making it an excellent choice for businesses seeking specialised coverage.

6. Chubb 

Chubb is a global insurance company covering cryptocurrency assets individuals and businesses hold. The company protects against theft, loss, and damage and offers insurance for blockchain-based businesses and projects. Chubb’s unique features and benefits include a team of experts specialising in the crypto industry, making it an excellent choice for businesses seeking specialised coverage. 

7. Allianz:

Allianz is another global insurance company offering coverage for cryptocurrency assets individuals and businesses hold. The company protects against theft, loss, and damage and provides insurance for blockchain-based businesses and projects. Allianz’s unique features and benefits include a team of experts who specialise in the crypto industry, making it an excellent choice for businesses looking for specialised coverage.

8. Zurich Insurance Group:

Zurich is also a good choice for a global insurance company covering cryptocurrency assets individuals and businesses hold. The company protects against theft, loss, and damage and offers insurance for blockchain-based businesses and projects. Zurich Insurance Group’s unique features and benefits include a team of experts specialising in the crypto industry, making it a great choice for companies seeking specialised coverage.

9. XL Catlin(AXA XL):

This is a global insurance company offering coverage for cryptocurrency assets individuals and businesses hold. The company protects against theft, loss, and damage and offers insurance for blockchain-based businesses and projects. XL Catlin’s unique features and benefits include a team of experts specialising in the crypto industry, making it an excellent choice for companies looking for specialised coverage.

10. QBE Insurance: 

QBE Insurance is a global insurance company that offers coverage for cryptocurrency assets held by individuals and businesses, including protection against theft, loss, and damage. The company also provides insurance for blockchain-based businesses and projects. 

Factors To Be Considered When Choosing A Crypto Insurance Company

When choosing an insurance company for crypto assets, several factors must be considered. 

First, businesses should evaluate the security and reliability of the insurance company. Selecting a company with a strong reputation in the insurance industry and a proven track record of providing reliable coverage is critical.

Secondly, businesses should consider the coverage options and flexibility offered by the insurance company. Different businesses have different needs, so choosing a company that offers coverage options tailored to the business’s specific needs is essential.

Also, businesses should consider the insurance company’s experience in the crypto industry. Working with a company that deeply understands the unique challenges and risks associated with managing digital assets can be invaluable.

Not only that, businesses should consider the fees and costs of working with an insurance company. While selecting a company that offers high-quality services is important, it’s also vital to ensure that the fees are reasonable and transparent.

Furthermore, businesses should consider the regulatory compliance of the insurance company. Choosing a company that complies with all relevant regulations and laws is essential.

Way Forward

Blockchain technology has impacted the insurance industry in many positive ways and it serves right to ensure such benefits from the industry. Choosing the right insurance company for crypto assets is crucial to protect your digital assets. 

The insurance companies listed are some of the options crypto businesses seeking insurance coverage for cryptocurrency assets have used. However, before selecting an insurance company, always do your due diligence on security, reliability, coverage options, flexibility, experience in the crypto industry, fees and costs, and regulatory compliance. 

By carefully considering these factors, you can choose an insurance company that provides the right coverage and protection for your digital assets.

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