Crypto Insurance Companies vs. Hotaling Insurance: Why We’re Just Better
Introduction
The rising demand for cryptocurrency insurance has led to new players entering the field, including Evertas and Hotaling Insurance. Both companies target crypto-native enterprises, but their offerings and focus vary. In this guide, we’ll explore how these two companies differ and what value they provide for businesses involved with crypto, mining, and AI infrastructure. We’ll also cover critical topics such as the first crypto insurance provider, investment practices by insurance companies, and how these companies protect digital assets.
Our Summary
- Hotaling Insurance offers a comprehensive portfolio, including small business, personal, health, and high-net-worth insurance solutions, going beyond crypto-specific policies.
- Our competitors focus exclusively on crypto-native insurance with high coverage limits and a global reach, but lack the broad sector expertise provided by Hotaling Insurance.
- Hotaling stands out by combining crypto insurance with traditional policies, offering a more balanced and diversified approach to managing business and personal risks.
- Crypto insurance is still evolving, with only a handful of providers offering policies that directly address cyber threats and platform vulnerabilities. Hotaling Insurance ensures clients are covered comprehensively across all sectors.
Comparison: Hotaling Insurance Services vs. The Crypto Insurance Industry
| Hotaling Insurance | Coincover | Breach Insurance | Superscript | Evertas |
|---|---|---|---|---|
| Specialization Broader portfolio, including life insurance, small business, personal lines and many more insurance products |
Focus on wallet security and protecting crypto assets from theft or loss. | Specialized in providing insurance for blockchain projects and exchanges. | Offers blockchain, crypto, and web3 insurance solutions. | Exclusive focus on crypto insurance for custodians, miners, and AI infrastructure. |
| Coverage Options Offers a variety of Services Commercial Private Client Life Insurance Employee Benefits PEO Claims and more. |
Protects wallets and crypto holdings with real-time threat detection. | Covers blockchain projects against smart contract vulnerabilities and cyberattacks. | Provides cyber, crime, and D&O insurance tailored to crypto companies. | Covers theft, insider fraud, mining equipment, and technology errors. |
| Premium Limits We customize your insurance depending on product line and client needs. Maximum limits. |
Flexible coverage with no disclosed maximum limits. | Offers scalable coverage for blockchain projects with competitive premiums. | Custom policy limits based on project size and risk profile. | Up to $360 million per policy, with high-value crypto asset protection. |
| Cybersecurity and Risk Management Offers cybersecurity policies and Crypto-centric specifically focused on blockchain or crypto risks and overall business needs. |
Provides backup health checks and real-time threat detection for wallets. | Partners with cybersecurity firms to ensure robust digital asset protection. | Emphasizes comprehensive risk management for web3 companies, covering on-chain and off-chain risks. | Provides tailored services to mitigate risks such as platform failure and theft. |
Exploring Crypto Insurance: Key Questions Answered
1. Is there insurance for cryptocurrency?
Yes, several companies, including Evertas, Coincover, and Breach Insurance, offer specialized coverage to protect crypto assets against theft, loss, and damage. However, these policies mainly cater to institutional clients, such as exchanges, mining operators, and custodial services. At Hotaling Insurance, we take it a step further by providing crypto insurance alongside a full suite of business, personal, and specialty insurance solutions, offering seamless protection across all areas of your life and business.
2. What was the first crypto insurance company?
Evertas is recognized as the first dedicated crypto insurance provider, backed by Lloyd’s of London. While their early focus on crypto-native risks positioned them as pioneers, Hotaling Insurance offers both crypto and non-crypto policies, ensuring broader protection across sectors. Unlike Evertas, we provide solutions for businesses and individuals in industries far beyond the blockchain space, including small businesses, health insurance, and high-net-worth personal coverage.
3. What is the rating of Evertas insurance?
Evertas offers A+ and A- rated policies, indicating financial stability. However, Hotaling Insurance provides high-quality products across a wide range of industries, not just within the crypto sector. Our ability to diversify means more stable, comprehensive protection for your business and personal needs, regardless of market trends or industry volatility.
4. Do insurance companies invest in cryptocurrency?
While most traditional insurers are hesitant to invest directly in cryptocurrencies, some, like Evertas, facilitate premium payments through blockchain platforms such as Nayms. Hotaling Insurance takes a balanced approach, offering coverage for digital asset businesses while also providing insurance for traditional industries, ensuring long-term stability. We’re not just focused on the latest trends—we’re here to offer solutions across all aspects of your business and personal life.
Case Study: Comprehensive Protection Beyond Crypto
A prominent crypto mining operation in North America suffered significant equipment damage due to severe weather. Evertas provided a bespoke policy covering losses up to $360 million, allowing the operation to replace equipment and resume operations swiftly.
However, while Evertas focuses exclusively on high-value crypto assets, Hotaling Insurance takes a more holistic approach. For example, in addition to insuring mining operations, we offer:
- Commercial Property Insurance – Protects assets beyond crypto, including physical infrastructure and real estate.
- Business Liability Coverage – Covers businesses against legal risks, accidents, and unexpected losses.
- Cybersecurity Policies – Protects companies from cyber threats and data breaches, both on and off blockchain platforms.
With Hotaling Insurance, businesses across industries gain comprehensive protection, ensuring they’re prepared for risks in both the digital and physical worlds.
About Hotaling Insurance Services: Experience and Expertise
Hotaling Insurance Services is a nationally licensed, fully independent risk management family office with over 20 years of experience delivering customized insurance and risk mitigation solutions. Their firm specializes in navigating complex exposures, offering tailored strategies to both individuals and businesses across various industries.
Our Expertise and Services
- Comprehensive Risk Management: From property and casualty coverage to employee benefits programs, Hotaling takes an all-encompassing approach to protection.
- Tailored Estate and Business Solutions: Specializing in advanced estate planning, business insurance, and risk mitigation strategies to safeguard clients’ wealth.
- Specialty Insurance Services: Expertise across sectors, including Bitcoin mining, sports & entertainment, real estate, construction, and healthcare.
Hotaling By the Numbers
- 20+ years delivering top-tier service
- 48 states licensed
- 200+ carrier appointments
- 6 office locations: New York City, Miami, Houston, Melville, Poughkeepsie, and Fort Lauderdale
- 2,000+ clients served
Our Approach and Values
Hotaling emphasizes excellence and client-focused service, driven by five core values that guide their team’s operations. Their independent status ensures that they remain objective in recommending the best possible insurance solutions.
Conclusion: Hotaling Insurance Outperforms Crypto-Only Providers
While companies like Evertas focus solely on crypto-native risks, Hotaling Insurance stands out by offering a more diversified portfolio. Our comprehensive insurance products span personal, business, and specialty sectors, providing clients with the security they need in every area of their life and business. Whether you need protection for your crypto assets, general business risks, or personal coverage, Hotaling Insurance offers tailored solutions that go beyond the limitations of crypto-only providers.
If you’re looking for a trusted partner to handle all your insurance needs—from blockchain risks to traditional coverage—contact Hotaling Insurance Services today or fill out the form below for a speedy response.