Imagine this scenario: Your team is going to the bank carrying Ledger wallets to put in your safety deposit box. During transit, they are intercepted and robbed, resulting in a complete loss of the digital assets. What happens next?
Depending on the value of the loss, a robbery like this could potentially bankrupt an uninsured or under-insured company– not to mention the reputational blow. Fortunately, Evertas offers insurance for crypto and digital asset exposures including physical harm, malicious damage, robbery and theft, as well as a robust suite of professional services that can help prevent this kind of situation.
Evertas crime insurance for theft and loss protects digital assets and cash stolen, lost, or damaged by external bad actors and attacks– including old-fashioned heists. We understand the gradations of risk associated with both digital and physical storage systems, and we offer a range of policies across cold, warm, and hot wallets.
If the hypothetical robbery described above were attempted on one of our professional services clients, we like to think the systems we helped put in place would thwart the criminals. If they somehow succeeded, an Evertas policy held by the courier, or the company engaging the courier, would cover the financial loss incurred from the theft of digital assets during transit (assuming the assets were in the care, custody and control of authorized personnel or services). In the best-case scenario, a company that had thoroughly invested in prevention and coverage would walk away from a robbery with minimal financial loss and the possibility of a reputational boost.
Are your digital assets covered for robbery during transit? If not, or if you don’t know, it’s time to talk to your broker.