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
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