San Francisco, December 14, 2022 /PR Newswire/ — bouch, Insurance of Tech, offers the first insurance solution designed for Web3 businesses. The company has a smart contract vulnerability, DAO, cipher more.
“Insurance is an important part of the financial operating system for all businesses. Without proper coverage, a founder’s personal assets and the entire company can be at risk. Web3 is no exception. Jared KleeDirector of Web3 for Vouch.
In the last 18 months, over 3,000 Web3 startups nearly $40 billionMany of these are led by founders building powerful companies that solve real problems for real users. To date, Web3 companies have had to compromise with insurance that does not address their unique needs and risks, or limit their growth by not using insurance at all.
“We are alive and ready to guarantee many Web3 founders building successful long-term businesses. No hesitation,” added Klee.
Web3 is Vouch’s newest coverage area.When $160 million raised from top tier silicon valley Backed by a world-class reinsurer, Vouch is your trusted partner when you need it most. Launching the Vouch Web3 Protection Policy client includes: ansible lab, bitwave, stardustWhen utopia lab.
“ansible lab has built a global programmable money transfer platform, where the right insurance policy plays a key role in instilling trust in its customers and partners. ” Dan Motisco-founder and CEO ansible lab“Vouch’s Web3 policy was created for a company like ours and their ability to quickly analyze and assess our unique needs was unparalleled.”
Although widely excluded in traditional policy, cipherVouch’s Web3 protection policy is cipher, DAOs, NFTs, smart contract vulnerabilities, etc. Includes four expanded coverages to address key Web3 risks based on the client’s specific needs.
- Directors and Officers (D&O): To protect the personal property of the company and its founders, officers and directors against claims alleging tort, such as misrepresentation or breach of fiduciary duty, along with the costs of responding to or defending such claims. Helpful.
- Errors and omissions (E&O): Helps protect the company in the event of a claim for the company’s services and alleged financial loss to the customer.
- cyber-: Helps protect against data breach costs due to mistakes, hacks, and social engineering, as well as privacy breaches, security failures, and system failures.
- crime: Protect your company against employee theft, counterfeiting and fraud, and help protect certain digital assets.
To further meet the needs of Web3 customers, Vouch has built a strong partner network to complement its own coverage.Our partner network includes fire block For the direct storage technique, Silicon Valley Bank for bank, upside for token management, and tactics for accounting.
“At Fireblocks, our priority is to minimize risk to our customers by mitigating the risk of loss of counterparties and funds, and removing the complexity of operating digital assets,” he said. Adam Levine, Vice President and Head of Corporate Strategy at Fireblocks. “For risks beyond digital asset management, we are proud to partner with Vouch to help our clients further de-risk their operations, meet their compliance obligations and grow their companies in a secure manner. ”
Web3 startups and founders who want to learn more about Vouch’s Web3 protection policy, find out if you qualify. vouch.us/web3.
About Bouch
Vouch is a provider of business insurance to thousands of U.S.-based high-growth businesses. $160 million From leading Silicon Valley institutions and investors, including redpoint venturesthe Y combinator, Silicon Valley Bank, rebit capital When Index VenturesSince its inception in 2018, the firm has helped clients get risk management right through its niche expertise, unique approach to pricing and underwriting, rapid digital-first sourcing, and coverage that grows as the company grows. I have supported you in this way.
As “The Insurance of Tech,” Vouch sees it as our responsibility to provide innovators in new fields with effective and affordable insurance solutions. These entrepreneurs are betting big on the future, and it’s his Vouch’s job to insure the risks associated with their vision. Today, that means starting to protect Web3. Tomorrow may be the weather, it may be the universe. Wherever the next generation of founders go, Vouch is there to protect them.
For more information on Vouch, please visit: https://www.vouch.us
Bouch Insurance Services, LLC (NPN # 19039391) and Bouch Professional Insurance Services, LLC (NPN # 19926463) is licensed in the states in which it operates. Detailed licensing information is available at https://www.vouch.us/licenses.
Media Contact:
Sarah Kane[email protected]
415-378-0775
Marisa Ochoa[email protected]
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