MIAMI--(BUSINESS WIRE)--#CryptoInsurance--Evertas, the world’s first crypto insurance company, now offers worldwide coverage of up to $360M per location for mining equipment. These policies, the largest in the world and an order of magnitude beyond any similar policies, are available in 12- or 18-month terms.
“This is a dramatic increase from our 2023 coverage limits,” said Thomas Shewchuck, Head of Underwriting at Evertas. “Our capacity has grown from a $200M limit to $360M. We want people to know that we have substantially more coverage available for their mining equipment and operations, almost anywhere in the world.”
Evertas’ expanded mining equipment insurance coverage is used by miners to insure their ASICs and GPUs against operational perils such as fire, theft, vandalism, wind events like tornadoes and hurricanes, or damage due to power disruption.
Evertas CEO J. Gdanski added, “Evertas knows that the mining industry is the backbone of crypto, and we believe that this shows our commitment to that critical sector.”
The 18-month policy is a demonstration of Evertas’ underwriting expertise. “While most mining policies are capped at 12 months,” said Keith Burkhardt, Evertas Head of Insurance, "Evertas’ cryptonative underwriters provide the confidence to lengthen the policy period.” This extended policy term gives miners additional operational certainty and demonstrates Evertas’ continued commitment.
Learn more about Evertas’ insurance offerings here: https://evertas.com.
About Evertas
Evertas Inc. is a Florida-based insurance company focused on covering the full spectrum of risks for institutional holders of cryptoassets and blockchain technology including exchanges, custodians, traditional financial institutions, funds, family offices, corporations, miners, and ultra-high net worth individuals, and for artificial intelligence data operators. Licensed to operate as a Class 3A Insurer by the Bermuda Monetary Authority, Evertas was founded in 2017 by CEO J. Gdanski and President Raymond Zenkich.
Contacts
LEONA LAURIE
leona.laurie@evertas.com