Lloyd’s-backed broker launches crypto insurance product

Superscript has launched a dedicated product, “Daylight”, for crypto businesses.

Superscript is a U.K. startup and Lloyd’s of London insurance market broker.

Thehe new insurance offering for digital-asset firms begins with technology liability and cyber insurance, serving as protection against everything from ransomware attacks to unintentional copyright infringement.

Superscript, which was part of last year’s Lloyd’s Lab accelerator, said the first crypto businesses in line to buy tech and cyber cover are Argent, Chiliz and CEX.

As of 2021, there were just 350 brokers licensed to deal with Lloyd’s. Superscript says it’s the first Lloyd’s broker to provide a digital assets dedicated product.