BarbriSFCourseDetails

Course Details

This CLE webinar will guide insurance coverage counsel through issues that arise with insurance coverage for digital assets and claims and losses incurred by digital asset owners/investors, businesses, exchanges, third-party custodians that store cryptocurrency and other forms of digital assets on consumers' behalf, and wallet-security software companies. The panel will focus on cryptocurrency and NFTs, types of losses, traditional coverages that may apply, existing and emerging specific cryptocurrency insurance policies, the role of brokers, and insurance issues related to NFTs.

Faculty

Description

The increased use of cryptocurrency and the expected growth in its use have created a substantial marketplace for crypto coverage. Recent research suggests that 30 percent of U.S. small and medium-sized businesses accept cryptocurrency as payment for goods and services.

Digital asset losses may result from theft, hacking, failure to protect others, and even intellectual property infringement. Some risks may be addressed by traditional insurance and others under policies tailored to digital assets.

When losses occur, businesses, investors, and exchanges are looking to their insurers to address losses and claims related to cryptocurrency and NFTs. All participants will be looking to their counsel for answers about the complex coverage issues related to insurance for digital assets.

Listen as this experienced panel of digital asset and insurance coverage counsel guides counsel through types of losses, traditional coverages that may apply, existing and emerging specific cryptocurrency insurance policies, and other related issues.

Outline

  1. Overview of digital assets
  2. Types of losses and liabilities related to digital assets
  3. Coverage issues under traditional insurance products
  4. Coverage issues under policies designed for cryptocurrency
  5. Coverage issues for NFTs

Benefits

The panel will review these and other key issues:

  • What are covered claims and losses related to NFTs and cryptocurrency?
  • What exclusions apply to losses related to NFTs and cryptocurrency?
  • What acts of the policyholder might vitiate coverage?