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Evertas Offers Crypto Investors Peace of Mind with £100 Million Insurance Policy

Evertas, a crypto insurance company, has been authorized by the Financial Conduct Authority (FCA) to offer the largest single crypto insurance policy. The policy, which is worth £100 million, will cover losses incurred by investors who lose their funds due to hacks, fraud, or other cybercrime.

“We are delighted to be the first crypto insurance company to be authorized by the FCA to offer such a large policy,” said Evertas CEO, David Birch. “This is a significant milestone for the crypto industry and demonstrates the growing maturity of the sector.”

The policy is designed to provide peace of mind to investors who are concerned about the security of their crypto assets. It will cover losses incurred due to a variety of scenarios, including:

  • Hacking
  • Fraud
  • Theft
  • System failure
  • Natural disasters

The policy is also designed to be flexible and scalable, so that it can be adapted to meet the needs of different investors. For example, investors can choose to cover their entire portfolio or just a portion of it.

The authorization of Evertas’s policy is a positive development for the crypto industry. It demonstrates that the FCA is taking steps to regulate the sector and protect investors. It also sends a message to investors that crypto assets are a legitimate investment and that there are ways to protect them from loss.

“We believe that this policy will help to boost confidence in the crypto industry and encourage more people to invest in crypto assets,” said Birch. “We are committed to providing our customers with the best possible protection and we will continue to work with the FCA to develop innovative insurance solutions for the crypto market.”

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