Protect your crypto assets
Crypto insurance (also known as Digital Asset insurance) covers you from employees stealing crypto, mistakes in handling transactions and hacks or cyber attacks that drain funds
What is Digital Asset Insurance?
It is a set of insurance policies designed to protect companies that hold or manage crypto assets against specific risks that could cause those assets to be lost. It includes:
- Specie Insurance – Covers physical theft & damage only
- Crime & Custodian Insurance– Covers physical theft & damage, employee fraud and computer theft
- Professional Indemnity Insurance– Covers error & omission by you or a subcontractor and employee fraud
Common claims include employees stealing crypto, mistakes in handling transactions and hacks or cyber attacks that drain funds.
Why Get Crypto Insurance?
Manage Unknown Risks
Protect your business from risks beyond your control, including fraud by your vendors or unforeseen changes.
Protect your Reputation
Lawsuits can damage your reputation. This insurance allow you to robustly defend yourself against clients with large resources.
Vulnerabilities to cyber attacks, hacking and theft
Protect your business by covering losses from compromised systems or stolen assets.
Access to
Experts
Get the right expert legal advice whatever the nature of the dispute through our insurers’ extensive global panel network.
What Does it Cover?
- Crypto assets stored in a secure insured location, like a cold wallet
- Your company’s crypto assets in both hot and cold wallets
- Your clients’ crypto assets in both hot and cold wallets
- Your liability if a third party suffers a loss because of your mistake (but not your own losses)
Specific coverage will depend on the type of policy purchased.
Who needs Crypto Insurance?
Common buyers include custodians, fund managers, exchanges, crypto wallets and off-ramps
Exchanges, Custodians and Mining operations
Companies that store, transfer or facilitate transactions of digital assets
Crypto Startups
Early stage projects building blockchain-based platforms, tokens, or DeFi applications
Licensed firms
Licensed firms such as fund managers, fintechs, or payment service providers dealing in crypto
What does the insurance provide when there is a claim?
Typical policy benefits
Typical Exclusions
This is covered by Cyber Insurance. Find out more.
This is covered by Professional Indemnity Insurance. Find out more.
This is covered by Crime Insurance. Speak to us about XXXX.
Why Use Anapi?
Digital asset risks are complex and still fairly new, not all brokers are able to help this area. Anapi has the experience and expertise to advise on it.
As regulated insurance brokers we can access the entire Singapore insurance and specialty Lloyds market to find the best coverage for your business if you need multiple quotes
Experienced team of brokers familiar with emerging new businesses models, startups and their risks with multiple awards from Austcham, Allianz and Lloyds Asia