Slashing Insurance Mitigates Loss
The financial damages of a slashing event can be sizable – even catastrophic. Mitigating the costs of potential slashing penalties or network fines is the primary motivator for acquiring a Slashing Insurance policy.
Other benefits include:
Addressing investor concerns and demonstrating a commitment to risk management
• Satisfying contractual requirements that may mandate the purchase of such insurance
• Covering business interruption costs, such as missed returns, in the event of a slashing incident
• Protecting a business's balance sheet from the costs of defending against litigation related to a slashing event.