Anchorage (a cryptocurrency custody services company) has added insurance coverage for storing digital assets. This is a result its partnership with major insurance broker Aon. Anchorage clarified in a post that not all coverage of cryptocurrency custody insurance is equal as most custodians use a combination of hot and cold storage, on which policies may differ.
A blockchain security company, BitGo have launched cryptocurrency insurance in collaboration with the Lloyd’s of London. In the press release they mentioned, “BitGo Business Wallet clients will be able to purchase theft insurance and Lost Key Cover, a key recovery service, for their assets through Digital Asset Services, an insurance provider overseen by the Financial Conduct Authority.”