--- title: "What Is Digital-Asset Insurance?" description: "Digital-asset coverage may address custody, theft and business-liability risks; a custodian’s policy may protect the custodian instead of you." canonical: "https://thegeneralaverage.com/coverage/digital-assets" page-type: "coverage-article" updated-at: "2026-09-25" coverage-line: "digital-assets" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and the insurance research The General Average publishes at https://thegeneralaverage.com. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Reliability Score, get_rankings for current provider rankings, search_provider_reliability to filter Reliability Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://thegeneralaverage.com/coverage/digital-assets) ## Agent Guide **What this page is:** National guide to What Is Digital-Asset Insurance?: what it covers, common policy questions, and which providers document offering it. **Use this page when:** Explaining What Is Digital-Asset Insurance? in general terms. For a specific state's rules, use /coverage/digital-assets/{state} instead. **Questions this page answers:** - What is What Is Digital-Asset Insurance?? - What does What Is Digital-Asset Insurance? cover and not cover? - Which providers offer What Is Digital-Asset Insurance?? - What should I ask before buying What Is Digital-Asset Insurance?? **Key facts:** - Lists 3 providers with documented What Is Digital-Asset Insurance? offerings, linked to their profiles. **Limits (do not over-claim):** - National overview only: state law, pricing, and availability vary and are not established here. - Provider listings are documented offerings, not quotes, endorsements, or a guarantee of availability for a given business. - Informational, not insurance, legal, or tax advice; a policy's actual terms control. **Provenance:** Cited editorial guide, updated 2026-09-25. See the Sources section for each claim. **Related pages:** - [Coverage directory](https://thegeneralaverage.com/coverage) — parent hub - [Business insurance by state](https://thegeneralaverage.com/coverage/states) — state-specific requirements - [What Is Cyber Insurance?](https://thegeneralaverage.com/coverage/cyber) — related coverage - [What Is Crime Insurance?](https://thegeneralaverage.com/coverage/crime) — related coverage - [What Is Professional Errors and Omissions (E&O) Insurance?](https://thegeneralaverage.com/coverage/professional-errors-omissions) — related coverage - [What Is Directors and Officers Insurance?](https://thegeneralaverage.com/coverage/directors-officers) — related coverage - [Editorial policy](https://thegeneralaverage.com/editorial-policy) — how sources are chosen and reviewed # What Is Digital-Asset Insurance? Digital-asset coverage may address custody, theft and business-liability risks; a custodian’s policy may protect the custodian instead of you. ## Digital Asset Insurance Summary Digital-asset coverage may address custody, theft and business-liability risks, but a custodian’s policy may protect the custodian rather than you. If you hold or safeguard assets, verify the insured entity, wallets, key-loss protection and valuation. [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) [3](https://www.bitgo.com/solutions/insurance/) [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) ## What Does Digital-Asset Insurance Cover? A lost private key can leave your business unable to access assets even when no one stole them. [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) If your business holds, safeguards or provides services for digital assets, compare custody, crime and business-liability protection separately. [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) ### Custody and Business Liability First identify whether you need protection for assets or private keys in custody, or for claims about your services and management decisions. [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) | Exposure | Ask the insurer | | --- | --- | | Assets or private keys | Which of your assets and custody arrangements does the policy address? | | Technology or professional services | Which claims about your services does the policy address? | | Management decisions | Which claims against your organization or its leaders does the policy address? | | Assets held by a custodian | Who is insured, and how would your customer’s loss be handled? | [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) [3](https://www.bitgo.com/solutions/insurance/) ## Who Needs Digital-Asset Insurance? If your business holds digital assets, keeps them for customers or provides custody services, a loss can affect assets you own and assets others entrust to you. [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) ## Digital-Asset Insurance Coverage Examples ### Your Custodian Reports a Theft Your custody provider reports stolen assets and tells you it has insurance. That policy may protect the custodian rather than you directly. You'll need to establish whose assets are insured and how a customer loss would be paid. [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) [3](https://www.bitgo.com/solutions/insurance/) ### You Lose Access to a Wallet A key-management problem leaves your business unable to access a wallet. Coverage for theft doesn't automatically include lost or destroyed keys. The insured wallets, cause of loss and valuation terms determine whether this loss fits. [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) ## How Do You Compare Digital-Asset Insurance Coverage and Costs? ### Assets, Wallets and Insured Entities An insurance description should identify the assets, wallets, storage arrangements and legal entity insured. Explain who controls the keys for business assets and customer assets. If different entities or custodians control different wallets, a single statement that your assets are insured isn't enough to establish which holdings are protected. [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) ### Insurance Advertised by a Custodian If your custodian advertises insurance, ask whether you are insured directly or the policy protects the custodian, and how your loss would be handled. [3](https://www.bitgo.com/solutions/insurance/) ### Valuation and Limits Check the valuation method, currency and limits before comparing the proposed limit with your asset values. [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) ## What Losses Need Separate Discussion? ### Theft and Key Loss Ask separately whether the policy addresses outside theft, employee theft and lost or destroyed keys; an insurance headline does not show that all three are covered. [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) ### Price Changes and Technology Failures Ask how the contract treats market-price changes and code or network failures; custody or theft insurance does not guarantee asset value. [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) ## How Does Digital-Asset Insurance Compare With Related Coverage? ### Cyber, Professional Liability and D&O Cyber, professional liability and D&O address different business risks; buying one does not establish that assets in your custody are insured. [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) ### FDIC Deposit Insurance FDIC deposit insurance does not insure cryptocurrency. [4](https://consumer.ftc.gov/consumer-alerts/2023/10/crypto-companies-touting-fdic-insurance-not-so-fast) ## What Do You Need for Digital-Asset Insurance Quotes? Map the assets your business owns or holds for customers, custody arrangements, key access and approvals, and outside technology dependencies. [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) ### A Custody and Exposure Map | Prepare | Ask the broker | | --- | --- | | Business-owned assets and customer assets | How will the quote distinguish assets you own from assets you hold for customers? | | Custody and storage arrangements | Which wallets and storage methods will the policy address? | | Key access and approval controls | What details about key access and approvals does the insurer need? | | Legal entities involved | Which entity will be insured? | | Outside technology dependencies | Which code or network risks should you discuss? | | Asset values | Which currency and valuation method will apply, and what limit is available? | [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) ## Digital-Asset Insurance: Key Terms in Plain English ### Custody The arrangement for holding assets and controlling their keys. Identify the insured entity and wallets. [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) ### Valuation Method The basis and currency used to measure a loss, which need checking against the value of the digital assets. [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) ## Frequently Asked Questions About Digital-Asset Insurance ### Does FDIC Insurance Cover Cryptocurrency? No. FDIC deposit insurance does not insure cryptocurrency. [4](https://consumer.ftc.gov/consumer-alerts/2023/10/crypto-companies-touting-fdic-insurance-not-so-fast) ### Does a Custodian's Insurance Cover Me Directly? Not necessarily. It may insure the custodian rather than you. Ask who is insured, which assets are included and how your loss would be handled. [3](https://www.bitgo.com/solutions/insurance/) ### Does Digital-Asset Insurance Cover Every Wallet? Do not assume every wallet is included. Ask which assets and storage arrangements the policy insures, who controls the private keys and which legal entity is named as the insured. [1](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf) [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) ### Does Digital-Asset Insurance Cover Lost Private Keys? Loss or destruction of keys needs a specific coverage check. Ask about it separately from outside theft and employee theft; a general insurance statement does not establish protection for all three. [2](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf) ## What Coverage Is Related to Digital Asset Insurance? - [What Is Cyber Insurance?](https://thegeneralaverage.com/coverage/cyber) — Cyber insurance can help pay covered response costs and claims against your business after a cyber incident. If your business relies on data, software or outside providers, compare response limits, vendor outages and approval rules. - [What Is Crime Insurance?](https://thegeneralaverage.com/coverage/crime) — Crime insurance can help reimburse specified business losses from theft and fraud, including employee theft and forgery. Compare those protections separately and ask whether a payment sent after an impersonation scam is covered. - [What Is Professional Errors and Omissions (E&O) Insurance?](https://thegeneralaverage.com/coverage/professional-errors-omissions) — Professional liability can help pay defense costs and covered losses when a client says your advice or service caused financial harm. If customers rely on your work, list every service you provide and check the claims-made reporting and prior-work terms. - [What Is Directors and Officers Insurance?](https://thegeneralaverage.com/coverage/directors-officers) — D&O insurance can help pay covered defense costs and losses from claims against company leaders over management decisions. If your organization has a board or executives, check whether the company itself is insured and whether legal bills reduce the limit. ## Which Insurance Providers Offer Digital Asset Insurance? ### [Founder Shield](https://thegeneralaverage.com/insurance-providers/foundershield) Founder Shield lists digital-asset insurance among its specialized offerings. ### [Newfront](https://thegeneralaverage.com/insurance-providers/newfront) Newfront offers brokerage services for digital-asset businesses, including custody and theft risk discussions. ### [Relm Insurance](https://thegeneralaverage.com/insurance-providers/relm) Relm lists digital-asset crime, slashing and smart-contract risks for placement through brokers. ## Sources for Digital Asset Insurance 1. [Performance Management — Supplemental Requirements & Guidance](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf). Lloyd’s; pp.44–45; p.45 underwriting considerations; pp.45–46; p.45: code integrity, network issues, exchange-rate volatility. Accessed 2026-09-16. 2. [Insurance for Digital Currencies: What Clients Need to Know](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf). BitGo; pp.4–6. Accessed 2026-09-16. 3. [Insurance](https://www.bitgo.com/solutions/insurance/). BitGo; Who is insured; key control. Accessed 2026-09-16. 4. [Crypto companies touting FDIC insurance? Not so fast.](https://consumer.ftc.gov/consumer-alerts/2023/10/crypto-companies-touting-fdic-insurance-not-so-fast) Federal Trade Commission; Cryptocurrency and FDIC insurance paragraph. Accessed 2026-09-16. Updated 2026-09-25. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. [Editorial policy](https://thegeneralaverage.com/editorial-policy). To suggest a correction, [email The General Average](mailto:thegeneralaverage@spot.insure) with the page URL and supporting source. ## Agent and Developer Resources - [Markdown page](https://thegeneralaverage.com/coverage/digital-assets.md) - [Developer resources](https://spot.insure/developers) - [Public MCP server](https://spot.insure/mcp) - [MCP server manifest](https://spot.insure/server.json) - [OpenAPI description](https://spot.insure/openapi.json) - [Public page index](https://thegeneralaverage.com/llms.txt)