Policies underwritten by Liberty Specialty Markets cover self-custodied Bitcoin on hardware wallets against theft, fire, flooding, robbery and physical attacks, reflecting rising concern over offline threats to crypto holders.
Bitsurance is offering insurance for self-custodied Bitcoin stored on hardware wallets, with coverage of up to €500,000, CEO Chris Seedor said. The policies, underwritten by Liberty Specialty Markets, part of Liberty Mutual Group, cover losses linked to theft, robbery, fire, flooding and physical attacks, and successful claims are paid in fiat rather than bitcoin. The product is framed as a response to growing concern that crypto risk management must address real-world coercion and personal safety threats, not just exchange failures, cyber breaches or smart contract issues.