Blockchain Infrastructure with an Added Layer of Protection.
The scope, in simple Terms
The insurance covers the MindChain blockchain infrastructure and the validator nodes that operate within the network. It covers nothing else.
The industry networks and the applications built on MindChain are outside this cover. Reinsurance is a separate protection, described below.
Security reduces the chance. Insurance transfers the risk.
The combination is the differentiator.
Protocol security
Designed to reduce the chance of incidents.
Protocol controls
Audits
Monitoring
Validator security
Insurance
Provides recourse when a covered event occurs.
Separate risk-transfer mechanism
Applies to covered events
Financial rather than technical control
Where the cover applies
Insurance covers two things: the MindChain infrastructure, and the validator nodes that operate on it. It does not cover the industry networks or the applications built on MindChain.
- 01
MindChain Infrastructure
Core Layer 2 Network
- 02
Validator Nodes
Operating on MindChain
Insurance and reinsurance are two separate protections.
Each protection has its own scope. The two cards state them.
Insurance
Covers the MindChain network infrastructure and the validator nodes operating on it.
- MindChain infrastructure
- Validator nodes operating on MindChain
Reinsurance
Digital assets created on the MindChain network will be reinsured by rated Lloyd's of London syndicates.
- POSI
- Cyber Risk
- Credit CDI
Further cover types apply.
The industry networks and the applications built on MindChain are not insured under this cover. They run on insured infrastructure. That is not the same as being insured themselves.
Disclosure checklist
Institutional counterparties receive the full coverage detail during due diligence. What we publish here is verified against the active policy.
- 01/08
Insurance provider or partner
The insurer or the partner that carries the active policy.
- 02/08
Policy Type
The class of policy behind the cover we publish.
- 03/08
Covered infrastructure
The MindChain blockchain infrastructure the policy covers.
- 04/08
Validator coverage
The validator nodes that operate within the network.
- 05/08
Policy period
The dates on which the active policy starts and ends.
- 06/08
Coverage limits
The financial limits that the active policy applies.
- 07/08
Material exclusions
What the policy does not cover. Read it with the scope.
- 08/08
Claims process
How a covered event becomes a claim under the policy.
