Lloyd’s of London backs new Coincover cryptocurrency insurance for online wallets

Cryptocurrency insurance - Cyrptocurrency

The coverage is meant to protect digital currency owners against theft from being hacked. Lloyd’s of London is now backing a new type of cryptocurrency insurance policy meant to help protect owners of online wallets against theft resulting from hacks. The coverage is sold by crypto “lifestyle” service provider, Coincover. Atrium, a Lloyd’s insurance syndicate, is underwriting the cryptocurrency insurance, according to an announcement made by Coincover last weekend. The coverage is being defined as a new form of liability policy. It functions dynamically with a limit that rises and…

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