Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Great American Insurance Group’s fidelity/crime division will be offering commercial coverage for bitcoins.

Bitcoins are used as a method of exchange by which transactions are conducted to buy and sell merchandise without a go-between. Standard crime insurance policies, including Great American’s crime policy, currently do not automatically provide coverage for virtual peer-to-peer mediums of exchange. Great American said that crime insurance coverage for bitcoins now can be granted by endorsement to an existing crime policy for mercantile and governmental customers who accept bitcoin in order to provide coverage for this method of payment, and to tailor coverage to fit the needs of insureds.

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.

  • Access the most current expert analysis and daily developments across jurisdictions
  • Solve complex research issues with expert tools and intelligence
  • Tap into insurance coverage expert guidance

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].


Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.