Key Person & Operational Continuity
What happens when the person with the key is gone.
Many digital-asset businesses depend on a small number of people who hold signing authority or operational knowledge. Death, disability or sudden departure can strand assets or halt operations. This cover funds continuity and the cost of restoring control.
Maximum available limit CAD 10 million, subject to underwriting
What the cover addresses
Key person loss
Financial loss following death or disability of a scheduled key individual.
Multisig succession
Costs of restoring signing quorum when a key holder becomes unavailable.
Business interruption
Lost gross profit from a covered protocol failure that halts operations.
Recovery costs
Forensic and legal costs to regain control of stranded assets.
Conditions underwriters expect
- Written multisig succession plan
- Quorum above simple majority
- Annual key-holder review
- Sealed recovery instructions held with counsel
Not covered
- Pre-existing medical conditions disclosed at underwriting
- Multisig arrangements without a written succession plan
- Departure under an employment dispute
- Market-driven revenue decline