Corporate Safeguard (Crypto)
Kidnap, extortion and threat cover for crypto executives and their families, with expert support before, during and after the incident.
The risk
Crypto wealth is visible, portable, and fast-moving. Executives and their families have been threatened and targeted for kidnapping and extortion by criminals who expect large ransoms quickly.
What the policy does
The policy covers the ransom, injury or death of the victim, legal and medical fees, loss of income and rehabilitation. Policyholders get unlimited support from crisis response consultants with extensive crypto expertise.
Become a harder target
Cover starts before anything happens. An extended onboarding call includes a baseline security risk assessment. Policyholders can access bespoke advice and training, with ongoing support to keep it current as your risk environment changes.
One policy, two kinds of security
Protect your family’s safety and your wealth through one policy. Optional extensions cover business interruption, critical evacuation, child abduction and malicious assault.
Corporate Safeguard (Crypto)
The crypto and Web3 sector is growing at pace, and so is its profile. Executives and their families have been threatened and targeted for kidnap and extortion worldwide, and few countries have been unaffected.
Criminals research their targets carefully, believing they can extract large ransoms quickly and with few constraints. The ransom is rarely the only cost. Injuries, legal fees, lost earnings, and recovery costs follow.
PROVIDES COVER FOR
- Extended onboarding call with baseline security risk assessment
- Unlimited telephone consultation if your risk environment or profile changes
- Unlimited support from crisis response consultants during and after an incident with crypto industry expertise
- Risk management bursaries for bespoke advice and training
- Ransom
- Injury or death of the victim
- Legal and medical fees
- Loss of income or earnings
- Rest and rehabilitation
- Support to track, freeze and return ransoms paid in crypto, where feasible
INSURED EVENTS
Standard cover provides protection against:
- Kidnap
- Malicious Detention
- Extortion
- Hijack
- Malicious Threat
- Unexplained Disappearance
- Hostage Situations
Optional additional cover includes:
- Business Interruption
- Critical Evacuation
- Express Kidnap (short-term kidnap & robbery)
- Child Abduction
- Malicious Assault
DOWNLOAD OUR FACTSHEET
What’s covered when your profile makes you a target: ransom, crisis response, recovering crypto ransoms where feasible, and expert advice to help you avoid an incident in the first place. Read our guide before you need it.
Contact Samphire
Fill in the form and one of our team members will be in touch to answer your enquiry.
Samphire and Samphire Risk are trading names of Samphire Services Limited which is an appointed representative of Davies MGA Services Limited, a company authorised and regulated by the Financial Conduct Authority under firm reference number 597301 to carry on insurance distribution activities. Samphire Services Limited is registered in England and Wales number 13421262. Registered Office: 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT, United Kingdom. Trading Address: Samphire Risk, 34 Lime Street, London, EC3M 7AT.
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