Cryptocurrency D&O Insurance at Breaking News

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Cryptocurrency D&O Insurance, From an underwriting perspective, however, the major concern continues to be legal and regulatory uncertainty, and this has led to an area of the d&o insurance marketplace that remains largely underinsured. “i am excited to be. The insurance market for crypto/digital assets is still in its infancy compared with other industries and technologies, and it’s characterized by three major differences:

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Directors and officers (d&o) insurance protects these assets from lawsuits alleging leaders of wrongful acts managing the business. Crypto companies aware of these challenges may make the initial mistake of completely writing off the ability to purchase d&o at all. It is said that an average of $2.7 million dollars in cryptocurrency assets are stolen every day, starting from 2018, which is seen as the start of what we call the crypto boom.

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D&o insurance policies offer liability cover for company managers to protect them from claims which may arise from the decisions and actions taken within the scope of their regular duties. Crypto company management may want to pay special attention to d&o insurance, especially in light of the cybersecurity risks facing platforms such as crypto exchanges, and considering the immature. At innovation insurance group, we “get” bitcoin, and we set up an agency to handle the insurance needs, from the routine to the unique, of companies in the bitcoin industry. The cryptocurrency industry has recently skyrocketed, with the market capitalisation of crypto assets reaching $2.2 trillion in april this year. 30, 2021, is more than double that recorded in 2018, demonstrating considerable.