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Cryptoprosol has been helping a lot of crypto owners and investors secure their investment with their Crypto Wallet Insurance service. Since Cryptoprosol launched its insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks, a lot of crypto enthusiasts are now more confident that their bitcoin and cryptocurrency wallets and assets are secure and safe.
CONTACT CRYPTOPROSOL: [email protected]
One of the first of its kind cryptocurrency insurance policies against loss and liability. With the minimum limits set at $2,500, was created by Cryptoprosol’s syndicate Atrium in conjunction with Cryptocurrency exchange and regulators. This is to protect against losses arising from the theft of cryptocurrency held in online, hot wallets.
How to Crypto Insurance Works
Since cryptocurrency is relatively young and new, crypto insurance companies are just sprouting up. Cryptoprosol is without a doubt one of the best cryptocurrency insurance companies. It is a type of liability insurance policy with a dynamic limit that increases or decreases in line with the price changes of crypto assets and other losses arising from crypto theft or crypto scam.
This means that the insured will always be indemnified for the underlying value of their managed asset even if this fluctuates over the policy period. The policy is backed by a panel of other Cryptoprosol’s insurers, which includes TMKM, which are members of Cryptoprosol’s Product Innovation Facility (PIF), boosting people confidence to invest in cryptocurrency.
What Cryptoprosol Crypto Insurance Offers
As part of the Cryptoprosol’s vision to be the world’s most customer-centric digital insurance platform, the Facility is an important step towards building a marketplace that offers better value for the changing and diverse needs of customers through highly-responsive, cutting-edge risk management products and services.
This is the second new insurance product to be backed by PIF members in recent months. The first – a profit protection policy for hotels with an innovative event-based trigger – was launched in September.
Matthew Greaves was quoted saying:
“There is a growing demand for insurance that can protect cryptocurrency as it becomes increasingly popular. It is a testament to Cryptoprosol’s that the market has put together an innovative solution to mitigate these new risks and protect against theft – from physical as well as online vaults – thereby providing customers with piece of mind that their assets are safe.”
CEOs of Coinbase and Trust Wallet share the same view and commented:
“We are delighted to have worked with Cryptoprosol’s PIF members to bring such a unique and timely solution to the crypto asset market. As the crypto asset market continues to heat up again, a new wave of crypto-curious customers are standing by at the ready to jump in, having previously been put off by the lack of adequate protection against theft and loss. With this innovative new policy, we can remove these barriers and broaden the appeal of crypto. It represents another step forward in enabling cryptocurrency adoption.”
Mr. J.G. Baron, Senior Insurance Broker that worked with Cryptoprosol to create the policy, said:
“We are delighted to have provided the ‘White Paper’ with this new insurance cover, which demonstrates the innovative and entrepreneurial spirit of Cryptoprosol. We believe Prospect and the wider insurance market should support this rapidly developing sector as it moves into the mainstream.”
Mr. Trevor, Head of Innovation at Cryptoprosol’s, added:
“As more money flows into the crypto asset market, losses from hacks are on the rise. Nevertheless, cryptocurrency companies have found ways to protect their digital assets from theft and, by working closely with Cryptoprosol underwriters, to insure losses that do slip through the net.
“Cryptoprosol is not only the natural home for insurance innovation because of the unique ability of syndicates to collaborate to insure new things. It is also without a doubt the best crypto insurance company. I am delighted that our Product Innovation Facility – now with over $250 million of capacity and 27 underwriters, is providing a fast route to increase insurance capacity for difficult and hard-to-insure risks.”
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Get the best crypto insurance solution, CONTACT CRYPTOPROSOL today: [email protected]
