NFT D&O Insurance

Exciting new businesses can struggle to obtain directors and officers (D&O) insurance. Non-Fungible Tokens (NFTs) are definitely an exciting new business and we know from experience that an NFT businesses will struggle to get D&O (and other) insurances.  We have placed D&O for a listed crypto-mining business so the struggle was certainly not down to lacking the right connections with insurers. 

There is nothing inherently bad about NFTs, crypto, Web3 etc. – but a business model based on hype and excitement is uninsurable. Insurers need to understand that there is a long term, sustainable business model that delivers real value. Certainly equity investors might want the passion and excitement, but insurers are in a different position