30/01/2026
Types of Crypto Insurance📍
Custody Insurance – Designed for companies that store digital assets on behalf of clients. It helps protect against theft, cyberattacks, or technical mishaps that could lead to lost assets.
Smart Contract Insurance – Covers losses caused by errors or vulnerabilities in smart contract codes. Since smart contracts operate automatically, flaws in the code can lead to lost funds.
DeFi (Decentralized Finance) Insurance – Provides coverage for DeFi platforms using self-executing smart contracts. Since there is no human involvement in claim approvals, policies are automated.
Crime Insurance – Protects businesses from losses due to theft, fraud, and employee dishonesty involving crypto assets.
Transit Insurance – Helps cover damages to mining equipment and other crypto hardware during transport.
Storage Insurance – Provides coverage for digital assets stored in online (hot) or offline (cold) wallets.
