Evertas provides A+ rated insurance policies for crypto assets, mining infrastructure, and AI operations, backed by Lloyd’s of London. The company addresses the risks of theft, loss, and technology failures by offering tailored coverage solutions that protect digital and physical assets with limits up to $360 million.
Funding
$22.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AMPA+1Founders
Product
Problem
Entities managing crypto assets, mining infrastructure, and AI operations face significant financial risks from theft, technology failures, and physical damage. Traditional insurance providers often lack the expertise to accurately assess and underwrite these novel risks, leaving a coverage gap for businesses operating in these sectors. The potential for substantial losses necessitates specialized insurance solutions tailored to the unique challenges of digital and physical assets in these industries.
Solution
Evertas provides A+ rated insurance policies specifically designed for crypto assets, mining infrastructure, and AI operations, backed by Lloyd’s of London. The company offers comprehensive coverage against a range of risks, including theft, physical damage, technology failures, and insider threats. Evertas' policies are tailored to the specific needs of crypto custodians, mining operations, exchanges, investment funds, and AI infrastructure operators. Their underwriting process leverages subject matter expertise and a cryptonative approach to ensure appropriate coverage and streamlined claims processing. With coverage limits up to $360 million per policy, Evertas provides substantial risk transfer for businesses operating in the digital asset space.
Target Audience
Evertas serves crypto custodians, mining operations, exchanges, investment funds, family offices, and operators of AI infrastructure seeking comprehensive insurance coverage for their digital and physical assets.
Features
- A+ rated insurance policies underwritten by Lloyd's of London and Arch Insurance.
- Coverage for crypto assets against theft, loss, or damage from external and internal threats.
- Protection for mining hardware against physical damage, with coverage limits up to $360 million.
- Platform failure coverage protecting against losses due to technology errors, with coverage up to $10 million.
- Directors & Officers (D&O) insurance protecting crypto company leadership against third-party legal action, with coverage up to $10 million.
- Digital property insurance protecting against loss or theft of digital possessions such as NFTs.
- Proprietary cryptonative underwriting process for accurate risk assessment.
- Partnership with Nayms to enable premium payments in USDC.