Many companies across the globe are embracing the digital asset ecosystem or looking to adopt digital assets into their existing businesses. The benefits of decentralization have created many new entrants into an ever-expanding marketplace with low barriers of entry creating a whirlpool of innovation.
Even with recent negativity around corporate failures, uncertain regulation and the general downtown in the market, investment in digital assets continues to increase.
At Continuum we specialize in assisting companies in the digital asset ecosystem with their digital asset insurance needs. We can provide solutions for both onchain and offchain risks. We have the experience of helping companies with digital asset insurance when others couldn’t and have a successful track record of placing new innovative policies across the globe.
Who do we work with?
Continuum work with a range of companies in the ever-evolving digital asset industry including:
- Digital Asset Custodians
- Digital Asset Exchanges
- Crypto Wallet Providers
- Crypto Trading Platforms
- Crypto Mining Companies
- NFT and Tokenisation Platforms
- Decentralised Finance Platforms
- Smart Contract Providers
What insurance should Crypto and Digital Asset businesses consider ?
Why should Crypto and Digital Asset businesses consider insurance?
Asset Protection
Digital asset businesses handle and store significant amounts of cryptocurrencies and other digital assets on behalf of their clients. Insurance coverage can protect these assets from risks such as theft, hacking incidents, fraud, or loss caused by technical failures.
Regulatory Compliance
Digital asset businesses operate in a rapidly evolving regulatory environment. Insurance coverage can demonstrate to regulators the business’s commitment to consumer protection. Some jurisdictions may even require digital asset businesses to maintain specific insurance coverage as part of their licensing or regulatory obligations.
Business Continuity
Insurance coverage, such as business interruption insurance, can help digital asset businesses recover financially and resume operations in the event of a covered incident that disrupts their business. It can provide coverage for additional expenses, data recovery, and help mitigate the financial impact of downtime or operational interruptions.
Third-Party Liability
Digital asset businesses may face claims or legal actions from clients or other parties due to errors, omissions, or failures in their services. Insurance coverage, such as professional liability or errors and omissions (E&O) insurance, can protect against these claims
Attract Investment & Talent
With a comprehensive insurance programme digital asset companies can attract investment to their business by offering protection to directors and advisers in addition to attracting the best talent in a competitive labour market
Client Confidence
Insurance coverage can enhance client confidence and trust in digital asset businesses. It demonstrates that the business takes risk management seriously and has measures in place to protect client assets and mitigate potential losses.
Why work with Continuum?
Continuum have been working with digital asset companies for over five years in Asia, helping everyone from exchanges to funds to custodians with their insurance needs. Our in-depth knowledge of both the industry and the appetite of insurers allows to advise clients on the appropriate solutions to help them protect their business and offer value to their clients. We take a client-centric approach, appreciating that insurance may be a future requirement rather than an immediate need and advise on the timing of policy inception as well as helping with payment schedules and budgeting requirements. Our aim is to advise and assist digital asset firms from seed to flower and become a long-partner with them through their journey to success.
Choose your industry to find the coverage that suits you
Web 3.0 & Emerging Technology
Crypto, Digital Assets & NFTs
Financial Institutions
EduTech and E-Learning
Fintech, Insurtech and DeFi
Tech Start Ups and Developers
Digital Health and MedTech
