Increased Mining Property Line Now Available From Evertas
14 Mayo 2024 - 8:00AM
Business Wire
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.
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LEONA LAURIE leona.laurie@evertas.com