Protecting the future of digital assets
Web3 and digital assets are transforming how value is created, stored and transferred.
But innovation brings new exposures. From digital asset custody and cybercrime to regulatory change, technology failure and directors’ liability, Web3 businesses face risks that conventional insurance was not designed to address.
Elmore provides specialist insurance for businesses building, operating and investing across the digital asset economy.
New technology. New models. New risks.
Web3 is no longer one industry.
It encompasses regulated crypto-asset businesses, exchanges, custodians, infrastructure providers, protocols, foundations, developers and specialist service providers – each with different technology, financial and regulatory exposures.
Elmore combines an understanding of these risks with access to specialist international insurance markets to build protection around the way each business actually operates.
Insurance for businesses providing financial services within the digital asset economy.
Including:
- Crypto-Asset Service Providers (CASPs)
- Exchanges and trading platforms
- Digital asset custody
- Wallet providers
- Stablecoins
- Staking
- Crypto funds & investment managers
- Lending and DeFi
- OTC trading & broker dealers
- Crypto foundations
Insurance for the technology and infrastructure powering blockchain and digital asset ecosystems.
Including:
- Blockchain infrastructure
- Protocols
- DLT technology
- Nodes and validators
- Smart contracts
- Mining
- Tokenisation infrastructure
- Digital asset technology platforms
Insurance for businesses providing specialist services to the Web3 and digital asset ecosystem.
Including:
- Software and technology providers
- Blockchain developers
- Security providers
- Data and analytics businesses
- Consultants and advisers
- Outsourced service providers
- Professional services
Professional Indemnity
Cyber Insurance
Crime Insurance
Directors & Officers
Digital Asset & Custody
Regulatory Insurance
So, what are the risks?
Digital asset & custody risk
The theft, loss or compromise of digital assets and private keys can create significant first-party and third-party financial exposures.
Impact: Financial loss, customer claims, regulatory action and reputational damage.
Cyber & technology risk
Web3 businesses depend on interconnected technology, smart contracts, APIs, cloud infrastructure and third-party providers.
Impact: Theft, system compromise, business interruption, data loss and customer liability.
Professional liability
Errors in technology, services, advice or execution can cause customers and counterparties significant financial loss.
Impact: Claims, defence costs, compensation and loss of commercial relationships.
Crime & financial risk
Digital assets can be attractive targets for external theft, fraud, social engineering and employee dishonesty.
Impact: Loss of digital assets or funds, investigation costs and business interruption.
Regulatory risk
Web3 businesses operate within a rapidly developing regulatory environment across multiple jurisdictions.
Impact: Investigations, defence costs, restrictions on operations and reputational damage.
Directors & officers risk
Directors of Web3 businesses can face claims from regulators, investors, shareholders, employees and other stakeholders.
Impact: Defence costs, investigations and personal financial exposure.
Explore our Web3 & Crypto solutions