The blockchain technology is widely accepted and expected to transform the financial services industry. Regulatory frameworks are being established to support this transformation and provide assurance for institutions to adopt blockchain technology.
Insurance requirements are common in these frameworks, aimed at safeguarding customer assets. To meet this requirement, we offer Digital Asset Custodial Risks Insurance, designed to protect custodians, exchanges, and asset managers as they secure their clients' assets.
Theft or physical loss of digital assets due to natural hazards or robbery at the designated premises where private keys are stored
Theft of digital assets due to fraudulent acts committed by employees
Theft of digital assets due to an external breach or compromise of the security of the company’s computer system
Theft of digital assets resulting from the breach or compromise of an external technology service provider, e.g. wallet solution provider
Coverages may differ by specific policies. Please refer to the policy documents for detailed information on the coverage and exclusions of your policy.
We will ask applicants to complete a proposal form and provide relevant operational policies, e.g. transaction and wallet management policies, for us to understand the technical set-up and operational controls of the applicants.
We understand it is essential for companies to obtain the right insurance coverage in a timely manner to meet their business needs. We are dedicated to making this process as streamlined as possible by working closely with our clients and their brokers. We take great pride in understanding the web3 ecosystem and different business models, and provide prompt feedback to clients’ asks.
A leading underwriter in the digital asset space, Qubit offers Insurance Products by S&P A rated insurers. We strive to combine our expertise in both blockchain technology and insurance to provide customized insurance solutions for the Web3 ecosystem.
Insurance Agency License No.: GA1055
