How to Know what Kind of Crypto Insurance you Need

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Evertas offers a broad range of crypto insurance policies, each specialized to meet the unique needs of Web3, but not every policy type is suited to every crypto project. To help innovators and brokers get a sense for what kinds of policies are required we built a chart that spells it out clearly into YES, NO and occasionally, MAYBE. To get more certainty on those MAYBEs, chat with an Evertas underwriter .

Crypto Insurance Stautup Guide

Here, you’ll see 13 entity types and eight policy types (Asset Recovery is not a policy type but a supplemental service that insureds can pay for in advance, along with their premiums). Crime policies are the most common in crypto, as the risk of losses due to outside attacker applies in every instance, apart from crypto mining. By contrast, only miners and staking platforms need to insure hardware against loss due to damage.

The process of compiling this information led to some interesting philosophical discussions around the nuances of different entities and all the variables bearing upon how to classify them. Technology blurs lines yet insurance is a business that requires very clear lines. As these conversations unfolded, it became apparent that as cryptonatives, our deep knowledge of Web3 allows Evertas to ask the kinds of questions needed to truly understand insureds and the risks they need to manage. This, in turn, means we write the most effective crypto insurance policies in the industry. Lacking the context we possess, the most insightful insurance professional cannot even know what they don’t know, and this makes for poorer outcomes for all parties, including the insured’s broker.

Add to our knowledge our policies’ A+ (Superior) rating, and Evertas rises to the top of the list of crypto insurance providers.