Most regulators need to see some sort of professional indemnity insurance in place as well as some cover for data risks and cyber attacks which would be covered under a cyber policy. We are experienced in placing cover for some of the most common jurisdictions that regulate cryptocurrency including: UK, USA, Australia, Canada, and across Europe, including Malta and Gibraltar.
Limits will depend on the regulator, but if you’re a startup you’ll most likely need at least 1m in PI cover to pay claims arising out of your professional services.
You don’t need to start the policy until you are granted regulation, but often you’ll need a quote for the regulatory approval process.