Founder Shield vs Newfront Digital Asset Insurance

Founder Shield lists private-key and custody-liability cover; Newfront’s digital-asset team focuses on cyber theft placements and US, London and Bermuda underwriters.

What Is Founder Shield Insurance?

Founder Shield is a commercial insurance broker for venture-backed and growing businesses. Buyers can request coverage through its online portal and work with advisors on insurer selection, policy changes and claims reporting. 1,2,3,4,5

Read the Founder Shield profile

What Is Newfront?

Newfront is a business-insurance and employee-benefits brokerage that combines specialist teams with online policy-management tools. It is now part of WTW. 8,9,10,11

Read the Newfront profile

What Is Digital-Asset Insurance?

Digital-asset insurance can involve several kinds of protection, including custody, crime and business-liability coverage. 13,14

Read the full coverage guide

Key Differences in Digital Asset Insurance

Keys and Custody Versus Theft-of-Assets Cyber

Founder Shield and Newfront both broker digital-asset cover rather than underwrite it. Founder Shield lists coverage for lost or stolen private keys, legal liability when a company manages someone else’s crypto keys, and related legal and tax expenses, with policies customized to hot or cold and single- or multi-signature storage. Newfront says it has expertise in cybersecurity policies covering the theft of digital assets, including custodial and counterparty risk. The two descriptions overlap on custody risk but Founder Shield names key-loss and tax expenses; Newfront names theft via cyber policies. 6 12

Who Each Team Says It Serves

Founder Shield markets the line to cryptocurrency exchanges, blockchain and crypto-based businesses, fintech companies, NFT marketplaces, and investment firms holding digital assets. Newfront targets businesses across the spectrum, including those mining, issuing tokens for a protocol, operating a DAO, or running a crypto-adjacent SaaS company. 6 12

Markets, Claims Help and How You Start

Founder Shield says it places the line only with AM Best A- or better carriers chosen by industry, then approaches those markets after you request coverage on its site or through an advisor. Newfront says its team has connections with specialty underwriters in the US, London and Bermuda, describes full-service claim management as a liaison with carriers, and starts placements with a consultation led by Erik Stenson. Neither reviewed page names a specific issuing insurer or publishes limits. 3 7 12

What to Confirm in Digital Asset Insurance Quotes

  • Ask Founder Shield how hot-wallet, cold-wallet and multi-signature storage are treated and whether key-loss and third-party key custody are on the form. 6
  • Ask Newfront whether the quote is a cyber theft form, how custodial and counterparty risk attach, and which US, London or Bermuda market is offering. 12
  • Get the issuing insurer and AM Best rating from both. 3 12
  • Confirm who handles a theft claim; Newfront describes dedicated carrier advocacy and Founder Shield’s digital-asset page does not. 12

Offering Details

Founder Shield vs Newfront Digital Asset Insurance: documented features by provider

CriteriaFounder Shield Digital Asset InsuranceNewfront Digital Assets & Blockchain Insurance
Role in This Line

Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Digital Asset Insurance with third-party carriers rather than underwriting the policy itself. 7Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.

Newfront's digital-asset team brokers coverage for blockchain and cryptocurrency businesses, working "as an extension of your team" on strategy rather than underwriting the risk. 12Company-reported. Digital Assets & Blockchain offering page.

Issuing Insurer

Founder Shield says it places policies, including Founder Shield Digital Asset Insurance, only with carriers rated A- or better by AM Best, chosen for the client's industry. It does not name the issuing insurer for this line; that depends on which carrier the policy is placed with. 3Company-reported. General carrier-selection FAQ, not specific to this line's placements.

Newfront says its digital-asset team has "deep industry connections with specialty underwriters in the US, London & Bermuda," but the page does not name the specific insurers that would issue a policy. 12Company-reported. The Newfront difference section; describes underwriter relationships generally, not a named carrier panel.

Who It’s For

Founder Shield markets this coverage to cryptocurrency exchanges, blockchain and crypto-based businesses, fintech companies, NFT marketplaces, and investment firms holding digital assets. 6Company-reported. Digital Asset Insurance product page.

Newfront targets businesses across the digital-asset spectrum, including those directly mining, issuing tokens for a protocol, operating a DAO, or running a "crypto-adjacent" SaaS company. 12Company-reported. The Newfront difference section, listing the business types its team says it can help.

Coverage Features

Founder Shield lists coverage for lost or stolen private keys, legal liability when a company manages someone else's crypto keys, and related legal and tax expenses, with policies customized to hot or cold and single- or multi-signature storage. 6Company-reported. Product page; the issued policy and declarations control actual coverage.

Newfront says it has "deep expertise and experience in cybersecurity policies covering the theft of digital assets," including custodial and counterparty risk considerations. 12Company-reported. The Newfront difference section; describes a coverage focus area, not a named policy form or specific insuring agreement.

Limits and Retentions

Not described in the reviewed sources.

The reviewed digital-assets page does not publish limits or retentions for digital-asset theft or custody coverage. 12Not publicly disclosed. Digital Assets & Blockchain page as read on 2026-09-23.

Risk Services

Not described in the reviewed sources.

Newfront says its digital-asset team has regulatory insight into a "multi-jurisdictional" regulatory landscape and performs insightful risk management once it has a complete profile of a client's objectives and risk exposures. 12Company-reported. Our approach section of the digital-assets page.

How to Apply

You request Founder Shield Digital Asset Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. 7,3Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.

You start a digital-asset placement by requesting a consultation through Newfront's Digital Assets & Blockchain page, led by Erik Stenson. 12Company-reported. Page call-to-action and Leadership section; no online quoting or binding described.

Claims Support

Not described in the reviewed sources.

Newfront describes "full-service claim management," including immediate actions to minimize loss and serving as the client's dedicated liaison and advocate with carriers. 12Company-reported. Our approach section; a described service, not a claims-outcome statistic.

Full Comparison

More Founder Shield vs Newfront Comparisons

Other Digital Asset Insurance Comparisons

Sources

Founder Shield

  1. Founder Shield. Founder Shield; Opening broker description; Specialized Practices; Smart Tech, Smarter People; quote and sign-in links. Accessed 2026-09-15.
  2. Quote Portal. Founder Shield; Public landing screen, Create Account and Sign In links. Accessed 2026-09-15.
  3. How Do You Decide Which Carriers to Approach? Founder Shield; FAQ answer on carrier selection: works exclusively with A-rated (AM Best) carriers, matched by industry appetite. Accessed 2026-09-23.
  4. What If Our Company Grows A Lot or Things Change During the Year? Founder Shield; Carl Niedbala answer, November 25, 2024: operational changes and coverage adjustments. Accessed 2026-09-15.
  5. Claims. Founder Shield; Our Approach; How We Support Claims Management, steps 1–5; Make a claim link. Accessed 2026-09-15.
  6. Digital Asset Insurance. Founder Shield; What Is Digital Asset Insurance?; Who Needs Digital Asset Insurance Coverage?; What Does Digital Asset Insurance Cover? Accessed 2026-09-23.
  7. About Us. Founder Shield; “Founder Shield is the innovation arm of The Baldwin Group”; company history and mission. Accessed 2026-09-23.

Newfront

  1. Business Insurance. Newfront; Purpose-Built Team; Full Transparency; Streamlined Program Management. Accessed 2026-09-15.
  2. Employee Benefits. Newfront; Employee Benefits heading; Tailored Solutions; Comprehensive Expertise: Benefits, Global Benefits, Compensation and Retirement. Accessed 2026-09-16.
  3. Newfront Navigator. Newfront; Total Access. Real Confidence; Explore What You Can Do in Navigator; product demonstration image. Accessed 2026-09-15.
  4. WTW Completes Acquisition Of Newfront. WTW; 27 January 2026 release; completion announcement and allocation of Business Insurance and Total Rewards to WTW segments. Accessed 2026-09-15.
  5. Digital Assets & Blockchain. Newfront; Our approach: Insightful risk management, Regulatory insight, Full-service claim management; The Newfront difference: Subject matter expertise; Leadership: Erik Stenson. Accessed 2026-09-23.

Digital Asset Insurance Guide

  1. Performance Management — Supplemental Requirements & Guidance. Lloyd’s; pp.44–45; p.45 underwriting considerations; pp.45–46; p.45: code integrity, network issues, exchange-rate volatility. Accessed 2026-09-16.
  2. Insurance for Digital Currencies: What Clients Need to Know. BitGo; pp.4–6. Accessed 2026-09-16.

Updated . Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. Editorial policy. To suggest a correction, contact Spot with the page URL and supporting source.

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