Evertas

Evertas is an insurance underwriter focused on digital assets, cryptocurrency mining and AI infrastructure. It describes itself as the first company dedicated to crypto insurance and offers policies underwritten by certain underwriters at Lloyd's of London and other insurers. Its stated product range spans hardware property cover for mining and AI infrastructure equipment against physical damage (up to $600 million), platform failure cover for technology errors (up to $10 million), crime theft/loss cover for digital assets and cash taken or damaged by external attackers, insider theft/loss cover for digital and physical assets (up to $360 million), directors and officers liability for crypto company leadership (up to $10 million), digital property cover for possessions such as NFTs, and commercial general liability.

The company states that all of its policies carry ratings of A- (IX - Excellent) or A+ (XV - Superior), that it can write up to $360 million of coverage per policy, and that it holds policy-writing authority across six continents. It positions its underwriting process as proprietary and "cryptonative," with bespoke policies intended to align coverage with the specific risks of crypto and infrastructure operators.

Business model

Evertas underwrites specialty insurance policies for crypto and infrastructure risks, with capacity provided by third-party carriers and syndicates rather than solely on its own balance sheet; policies are underwritten by certain underwriters at Lloyd's and other insurers.

Latest developments

Evertas has extended its underwriting focus beyond cryptoassets and mining hardware to insurance for AI infrastructure, including physical damage cover for AI compute equipment.