Companies this year are scrambling to obtain cryptocurrency insurance as a hedge against catastrophic losses, paying dearly for relatively limited protection as they venture into the world of high-risk, high-reward digital assets.
“We’re seeing crypto risk and coverage inquiries from all kinds of companies,” said Jackie Quintal, a director at insurance broker Marsh McLennan. “Crypto is popping up all across financial services, tech, fintech, and other parts of the economy.”
Source: Crypto Insurance Policies ‘Popping Up’ to Meet Frenetic Demand
