Evertas

Evertas is a specialized insurance underwriter focused on crypto assets, operating as a coverholder at Lloyd's of London with policies backed by Arch Insurance. Its core business covers digital asset custodians, exchanges, mining operations, and other crypto-native businesses, with coverage limits up to $360 million per policy.

The company's main competitive edge lies in being the first and only crypto-focused underwriter authorized at Lloyd's, combined with proprietary underwriting expertise in blockchain-specific risks such as private key management, smart contract failures, and custody operational risks. This allows Evertas to offer tailored policies that traditional insurers avoid.

The market pain point Evertas addresses is the massive protection gap in crypto: in the first half of 2026 alone, crypto losses reached $1.315 billion across 344 on-chain incidents, yet almost none of these were insured. Traditional insurers lack the technical knowledge to assess these risks, leaving most crypto businesses uninsured or underinsured.

In recent developments (February-August 2026), Evertas partnered with HashKey Exchange in April 2026, providing coverage exceeding $400 million for the exchange's virtual asset custody. This marked a significant expansion of its capacity beyond the previously stated $360 million per-policy limit. The company has also continued to broaden its product offerings, including specialized coverage for mining hardware and noise-related liability endorsements.

One notable issue: Evertas's website has posted a fraud notice warning about impersonators falsely claiming to represent the company, indicating an ongoing problem with bad actors exploiting its brand in the crypto community.