Crypto & Digital-Asset Business Insurance Coverage Checklist
The coverages a crypto & digital-asset business business may carry — core, prevalent, and situational — why each matters, and the gap most often missed.
Pull out your current policy and check the box next to any coverage you can confirm is already in place — anything unchecked is worth a quick conversation with your advisor. Coverage checklist for exchanges, custodians, crypto ATMs, miners, and other digital-asset businesses. Priorities reflect typical exposure for this class; confirm against your actual activities and storage.
Tick each coverage you can confirm you carry — anything left unticked is a good question for your next policy review.
| Have it? | Coverage | Why this business needs it | Priority |
|---|---|---|---|
| Crime / Digital Asset Theft | Covers theft of hot-wallet assets by hackers or insiders — standard crime policies often exclude crypto. | Core | |
| Specie / Cold Storage | Covers assets held offline in cold storage. | Core | |
| Directors & Officers | Covers leaders in regulator, investor, and customer actions — a major crypto exposure. | Core | |
| Technology / Professional E&O | Covers platform errors, outages, and smart contract failures. | Core | |
| Cyber / Privacy Liability | Covers breaches of customer data and network attacks. | Core | |
| Regulatory Defense | Covers responding to SEC, CFTC, FinCEN, and state investigations. | Prevalent | |
| Employment Practices Liability | Covers claims by staff. | Situational | |
| Property / Mining Equipment | Covers mining rigs and hosting facilities against fire and power damage. | Situational | |
| Kidnap & Ransom | Covers threats against key holders and executives. | Situational | |
| General Liability | Covers offices and kiosk locations. | Prevalent |
The coverage gap most often missed
The gap most often missed by digital-asset businesses is the assets themselves. Most crime and cyber policies exclude cryptocurrency, so a hot-wallet hack may only be covered by a dedicated digital asset or specie policy — one exchange lost about $27 million in a 2025 hot-wallet attack and paid customers back itself. Regulators are the second gap: KuCoin's operator agreed to pay over $297 million in 2025. Confirm crypto is not excluded and that D&O covers regulatory actions.
Send us the checklist and we'll review your crypto & digital-asset business coverage line by line, then market it across multiple carriers that compete for your account.
Related: Crypto & Digital-Asset Business Insurance · Crypto & Digital-Asset Business Supplemental (apply) · All coverage checklists
Frequently asked questions
What insurance does a crypto & digital-asset business business need?
The core coverages for a crypto & digital-asset business business are Crime / Digital Asset Theft, Specie / Cold Storage, Directors & Officers, Technology / Professional E&O, Cyber / Privacy Liability. This checklist also lists the prevalent and situational coverages worth considering, with a plain-English note on why each matters.
Is this checklist insurance advice?
No. It is a free educational tool to help you have a more informed conversation with a licensed professional. It affords no coverage and is not insurance, legal, or financial advice — only your actual policy language governs what is and isn't covered.
Can Cory Washington & Co. review my crypto & digital-asset business coverage?
Yes. Share your checklist and we'll review your program line by line, market your account across multiple carriers, and explain the trade-offs in plain English. Cory Washington & Co. LLC is licensed in all 50 states.
This checklist is a free educational tool from Cory Washington & Co. to help you review your own coverage and have a more informed conversation with a licensed insurance professional. It is general information only — not insurance, legal, or financial advice, and not a recommendation to buy, change, or cancel any policy. Coverage terms, availability, limits, and requirements vary by policy, carrier, and state, and only the language in your actual policy governs what is and isn’t covered. Checking or leaving blank any item above does not indicate that you are adequately insured or under-insured. Using this checklist does not create a client, agency, or fiduciary relationship. Always consult a licensed professional about your specific situation.