Blockchain and cryptocurrency insurance
What can we offer businesses operating in the blockchain and crypto space?
New innovations mean new risks. Poor understanding of these risks has led to billions of dollars of cryptocurrency theft, hacked smart contracts and scams, killing many ventures and stifling the growth and reputation of the industry.
Our team is ready to understand the novel threats to your project’s success and create opportunities for you to manage those risks through insurance.
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Insurance for blockchain businesses
Distributed ledger technology and smart contracts are at the forefront of modern technology, with blockchain being embedded into more and more of our traditional processes. As tech specialists, we understand the risk implications involved with this, and are ideally positioned to understand and articulate this to insurers. Trust us to help you become Trustless.
Insurance for digital assets
Millions of digital assets have fallen victim to highly publicised hacks. We work with custodians and exchanges using the industry’s best security practices to source specialist crime and cyber insurance for digital assets.
Insurance for the innovators and the visionaries
Plenty of risks faced by blockchain and crypto businesses are what would be considered ‘traditional’ business exposures, requiring standard insurance. We can provide tailored cover for these risks so you can focus on creating the future, including:
- Professional indemnity insurance (also known as errors and omissions insurance)
- Crime insurance (including employee theft)
- Cyber insurance (coverage for hacks and data breaches)
- Intellectual property insurance
- D&O insurance
- Employers liability insurance
We are able to provide our services to cutting-edge businesses because we have gathered a market-leading team of innovators, set on providing blockchain and cryptocurrency insurance. Our expertise will ensure we ask the right questions to understand, from a technical standpoint, both the traditional and unique risks to your organisation. We use this to create bespoke solutions, supported by the security of insurance’s largest underwriters, to protect businesses like yours.
Insurance has forever been a mark of prudent risk-management and long-term strategy for businesses. Although there are legal requirements for a company to carry ‘essential’ coverage, many technology enterprises see the value in bespoke risk transfer that they can depend on when their business needs it most.
To insurers, blockchain businesses are perceived as high-risk. Using a broker who understands your risks and can effectively explain it to underwriters will ensure that the underwriting of your business insurance is not skewed by this perception.
The London insurance market has made significant progression in providing worldwide custodian insurance since its first crypto custody policy in 2015. As the first insurtech to obtain Lloyd’s of London broker status, we are in a prime position to provide custodianship coverage for individual investors through to worldwide corporations.
We are working on innovative solutions that are pushing the envelope of insurance. We warmly invite you to partner with the Superscript Enterprise team to discuss how we can create market-leading solutions to secure your business’s next steps.
From the very beginning of the process, Superscript were knowledgeable and professional, and managed to come up with the right policy for us under very tight time frames. We will recommend them to other startups and scaleups.
Superscript were great in helping us get coverage for our AI skin cancer service. We had spoken to a number of brokers as we tried to get insurance for our AI but ultimately, none were able to get underwriters around the table to understand the business and coverage needed. Superscript did that and then helped create a new policy type to get us the coverage we needed. Recommend.
We had a breach and the insurance and legal support we got was invaluable. Superscript walked us through the whole thing including media and customer relations.
It was very quick and easy to claim. Our account manager replied within minutes, confirmed the details and we had the money in our account within 48 hours.
We want the best for you
At Superscript, we approach each client with the aim of understanding their innovations inside-out. As technology and blockchain specialists, we know what questions to ask and what conversations to have in order to get an innate understanding of the risks your organisation faces. This enables us to provide you with invaluable insurance advice to achieve the perfect cover for your business.
We're a true partner
For Superscript, a successful relationship with a client is not one that both begins and ends with the signing of a contract. Your goals are long-term, and we’re here to support them, all the way. We’re genuinely interested in emerging technological risks and follow trends in order to advise our clients as the industry develops.
We speak your language
Like you, we are innovators. It’s a privilege for us to know we’re playing a part in your exciting journey. In fact, we don’t limit ourselves to providing broking solutions - we want to share our unique insights and strong expertise in technology risks to clear the path ahead for your creations. Our risk consultation services are the perfect partner to nurture innovative and disruptive businesses.
- 23 Nov 20201 minute read
Superscript has partnered with the International Federation of Esports Coaches to provide insurance for coaches and teams.
- 18 Nov 20204 minute read
Superscript's Head of Enterprise, David Dickson, provides advice to online retailers to protect themselves from online threats this Cyber Weekend.
Authorised by the FCA
The FCA supervises UK financial services firms to protect consumers. We are directly authorised and regulated by the FCA and our Firm Reference Number is 656459. These details can be confirmed on the Financial Services Register at www.fca.org.uk or by calling the FCA on 0845 606 1234.