Crime Insurance

Commercial crime insurance protects your company from the consequences of theft, whether it’s internal fraud, third-party attacks or asset loss from sophisticated schemes. 

In traditional sectors, crime takes familiar forms like embezzlement, forgery and funds transfer fraud. But as more businesses transition to digital infrastructure and alternative asset models, the risks are developing.  

Criminals manipulate identities, exploit software logic and bypass security controls using increasingly refined tactics. For example, they may exploit DeFi protocols using flash loan attacks, draining liquidity in seconds. They may manipulate oracles to trick smart contracts into making faulty decisions. 

Robust crime coverage considers both legacy vulnerabilities and emerging threats. It offers businesses tailored defense, whether their assets are in bank accounts, digital wallets or decentralized protocols. 

Crime insurance is vital for any business that holds assets – fiat or digital. Even with strong security protocols in place, there’s always a gap. Specialized crime insurance exists to close it.  

Digital asset insurance is designed to address the unique risks tied to cryptocurrencies, tokens and other digital assets. Unlike conventional crime insurance, it treats digital assets as a defined exposure and directly addresses the technical and human threats faced in fintech and Web3 operations. 

Whether held in hot or cold storage, the risk of theft is significant. Digital asset protection insurance coverage can respond to hacks targeting wallets, internal theft of funds, infrastructure exploits resulting in loss, custody provider breaches and more. 

Digital assets can be incredibly difficult to recover post-theft. Insurance provides a critical safety net in such situations.   

Smart contracts are designed to ensure trust but they aren’t perfect. If they are exploited by a bad actor – the consequences can be severe and the losses, substantial. A specialized policy covers these losses.   

Criminal activity continues to advance alongside technology. The threats scale alongside your operations. And in emerging sectors, the targets are newer, the tools more advanced and the perimeter less defined. 

Crime coverage gives your business a line of defense against worst-case scenarios: fraudulent insiders, exploited systems, and assets disappearing without trace.