Custody & Cold Storage
Cover for the keys, not just the coins.
Private keys are the asset. When a seed phrase is destroyed in a fire, a hardware wallet fails during a firmware update, or a backup plate is stolen from a safety deposit box, the loss is immediate and usually irreversible. This cover is designed around the physical and procedural reality of cold storage.
Maximum available limit CAD 50 million, subject to underwriting
What the cover addresses
Key destruction
Fire, flood or physical destruction of seed phrases, metal backups or hardware devices where no other backup survives.
Physical theft
Burglary or robbery of key material from a documented storage location, including bank vaults and private safes.
Hardware failure
Irrecoverable device failure where the manufacturer's recovery path is exhausted and the documented backup cannot restore access.
Key-ceremony compromise
Loss traced to a compromised key-generation ceremony carried out under your documented procedure.
Conditions underwriters expect
- Documented key-generation procedure
- Geographically separated backups
- Access logs for vaults and safes
- Annual review of storage arrangements
Not covered
- Decline in market value of any digital asset
- Keys or seed phrases stored in cloud notes, email or screenshots
- Loss where the documented backup regime was not followed
- Forgotten PINs or passphrases without a physical loss event
