---
title: "Founder Shield vs Newfront Digital Asset Insurance"
description: "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."
canonical: "https://spot.insure/compare/foundershield-vs-newfront/digital-assets"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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[Human-readable page](https://spot.insure/compare/foundershield-vs-newfront/digital-assets)

# 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.

## Research Scope and Use

Use this comparison to evaluate Founder Shield and Newfront for Digital Asset Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

Founder Shield places digital-asset insurance covering lost or stolen private keys and liability for managing others’ keys, customized to storage type. Newfront brokers blockchain and crypto accounts with an emphasis on cybersecurity policies for theft of digital assets and specialty underwriters in the US, London and Bermuda. [6](https://foundershield.com/coverage/digital-asset-insurance/ "Digital Asset Insurance") [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain")

## 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](https://foundershield.com/ "Founder Shield") [2](https://apx.foundershield.com/ "Quote Portal") [3](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?") [4](https://foundershield.com/insurance-faqs/general-faqs/what-if-our-company-grows-a-lot-or-things-change-during-the-year/ "What If Our Company Grows A Lot or Things Change During the Year?") [5](https://foundershield.com/claims/ "Claims")

[Founder Shield profile](https://spot.insure/insurance-providers/foundershield)

## 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](https://www.newfront.com/business-insurance "Business Insurance") [9](https://www.newfront.com/total-rewards "Employee Benefits") [10](https://www.newfront.com/navigator "Newfront Navigator") [11](https://investors.wtwco.com/news-releases/news-release-details/wtw-completes-acquisition-newfront "WTW Completes Acquisition Of Newfront")

[Newfront profile](https://spot.insure/insurance-providers/newfront)

## What Is Digital-Asset Insurance?

Digital-asset insurance can involve several kinds of protection, including custody, crime and business-liability coverage. [13](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf "Performance Management — Supplemental Requirements & Guidance") [14](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf "Insurance for Digital Currencies: What Clients Need to Know")

## 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](https://foundershield.com/coverage/digital-asset-insurance/ "Digital Asset Insurance") [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain")

### 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](https://foundershield.com/coverage/digital-asset-insurance/ "Digital Asset Insurance") [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain")

### 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](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?") [7](https://foundershield.com/about-us/ "About Us") [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain")

## 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](https://foundershield.com/coverage/digital-asset-insurance/ "Digital Asset Insurance")
- 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](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain")
- Get the issuing insurer and AM Best rating from both. [3](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?") [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain")
- Confirm who handles a theft claim; Newfront describes dedicated carrier advocacy and Founder Shield’s digital-asset page does not. [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain")

## Offering Details

| Criteria | Founder Shield Digital Asset Insurance | Newfront 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. [7](https://foundershield.com/about-us/ "About Us") (Evidence: Company-reported; scope: 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. [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain") (Evidence: Company-reported; scope: 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. [3](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?") (Evidence: Company-reported; scope: 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. [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain") (Evidence: Company-reported; scope: 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. [6](https://foundershield.com/coverage/digital-asset-insurance/ "Digital Asset Insurance") (Evidence: Company-reported; scope: 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. [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain") (Evidence: Company-reported; scope: 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. [6](https://foundershield.com/coverage/digital-asset-insurance/ "Digital Asset Insurance") (Evidence: Company-reported; scope: 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. [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain") (Evidence: Company-reported; scope: 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. [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain") (Evidence: Not publicly disclosed; scope: 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. [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain") (Evidence: Company-reported; scope: 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](https://foundershield.com/about-us/ "About Us") [3](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?") (Evidence: Company-reported; scope: 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. [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain") (Evidence: Company-reported; scope: 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. [12](https://www.newfront.com/industries/blockchain-and-cryptocurrency "Digital Assets & Blockchain") (Evidence: Company-reported; scope: Our approach section; a described service, not a claims-outcome statistic..) |

## Full Comparison

- [Founder Shield vs Newfront](https://spot.insure/compare/foundershield-vs-newfront): all coverage lines, business roles, service and claims.
- [What Is Digital-Asset Insurance?](https://spot.insure/coverage/digital-assets): Digital-asset insurance can protect specified custody, theft and liability risks, with terms that depend on the assets and how they're held.
- [Founder Shield vs Newfront Cargo and Transit Insurance](https://spot.insure/compare/foundershield-vs-newfront/cargo-transit)
- [Founder Shield vs Newfront Commercial Property Insurance](https://spot.insure/compare/foundershield-vs-newfront/commercial-property)
- [Founder Shield vs Newfront Crime Insurance](https://spot.insure/compare/foundershield-vs-newfront/crime)
- [Founder Shield vs Newfront Cyber Insurance](https://spot.insure/compare/foundershield-vs-newfront/cyber)
- [Founder Shield vs Newfront D&O Insurance](https://spot.insure/compare/foundershield-vs-newfront/directors-officers)
- [Founder Shield vs Newfront Employee Health Benefits](https://spot.insure/compare/foundershield-vs-newfront/employee-health-benefits)
- [Founder Shield vs Newfront Employment Practices Liability Insurance](https://spot.insure/compare/foundershield-vs-newfront/employment-practices)
- [Founder Shield vs Newfront Fidelity Bonds](https://spot.insure/compare/foundershield-vs-newfront/fidelity-bonds)
- [Founder Shield vs Newfront Fiduciary Liability Insurance](https://spot.insure/compare/foundershield-vs-newfront/fiduciary)
- [Founder Shield vs Newfront General Liability Insurance](https://spot.insure/compare/foundershield-vs-newfront/general-liability)
- [Founder Shield vs Newfront Product Liability Insurance](https://spot.insure/compare/foundershield-vs-newfront/product-liability)
- [Founder Shield vs Newfront Professional Liability (E&O) Insurance](https://spot.insure/compare/foundershield-vs-newfront/professional-errors-omissions)
- [Founder Shield vs Newfront Representations and Warranties Insurance](https://spot.insure/compare/foundershield-vs-newfront/representations-warranties)
- [Founder Shield vs Newfront Telehealth Insurance](https://spot.insure/compare/foundershield-vs-newfront/virtual-care-telehealth)
- [Founder Shield vs Newfront Umbrella and Excess Liability Insurance](https://spot.insure/compare/foundershield-vs-newfront/umbrella-excess)
- [Founder Shield vs Newfront Venture Capital Asset Protection Insurance](https://spot.insure/compare/foundershield-vs-newfront/venture-capital-asset-protection)
- [Founder Shield vs Newfront Workers’ Compensation Insurance](https://spot.insure/compare/foundershield-vs-newfront/workers-compensation)
- [Founder Shield vs Relm Insurance Digital Asset Insurance](https://spot.insure/compare/foundershield-vs-relm/digital-assets)
- [Newfront vs Relm Insurance Digital Asset Insurance](https://spot.insure/compare/newfront-vs-relm/digital-assets)

## Sources

### Founder Shield

1. [Founder Shield](https://foundershield.com/). Founder Shield; Opening broker description; Specialized Practices; Smart Tech, Smarter People; quote and sign-in links. Accessed 2026-09-15.
2. [Quote Portal](https://apx.foundershield.com/). Founder Shield; Public landing screen, Create Account and Sign In links. Accessed 2026-09-15.
3. [How Do You Decide Which Carriers to Approach?](https://foundershield.com/insurance-faqs/general-faqs/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?](https://foundershield.com/insurance-faqs/general-faqs/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](https://foundershield.com/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](https://foundershield.com/coverage/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](https://foundershield.com/about-us/). Founder Shield; “Founder Shield is the innovation arm of The Baldwin Group”; company history and mission. Accessed 2026-09-23.

### Newfront

8. [Business Insurance](https://www.newfront.com/business-insurance). Newfront; Purpose-Built Team; Full Transparency; Streamlined Program Management. Accessed 2026-09-15.
9. [Employee Benefits](https://www.newfront.com/total-rewards). Newfront; Employee Benefits heading; Tailored Solutions; Comprehensive Expertise: Benefits, Global Benefits, Compensation and Retirement. Accessed 2026-09-16.
10. [Newfront Navigator](https://www.newfront.com/navigator). Newfront; Total Access. Real Confidence; Explore What You Can Do in Navigator; product demonstration image. Accessed 2026-09-15.
11. [WTW Completes Acquisition Of Newfront](https://investors.wtwco.com/news-releases/news-release-details/wtw-completes-acquisition-newfront). WTW; 27 January 2026 release; completion announcement and allocation of Business Insurance and Total Rewards to WTW segments. Accessed 2026-09-15.
12. [Digital Assets & Blockchain](https://www.newfront.com/industries/blockchain-and-cryptocurrency). 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

13. [Performance Management — Supplemental Requirements & Guidance](https://assets.lloyds.com/media/70173180-5d36-4eb1-b7fd-f2cec93863a9/Performance-Management-Supplemental-Requirements-and-Guidance.pdf). 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.
14. [Insurance for Digital Currencies: What Clients Need to Know](https://downloads.ctfassets.net/knkqyfncynw3/75gDnPlTqO8xiq8c7IavID/4fbb476ec2e2262a6f30ff23a6d1151d/BitGo-White-Paper-Insurance-For-Digital-Currencies.pdf). BitGo; pp.4–6. Accessed 2026-09-16.

Updated 2026-09-23. 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](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

## Agent and Developer Resources

- [Markdown page](https://spot.insure/compare/foundershield-vs-newfront/digital-assets.md)
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- [Public MCP server](https://spot.insure/mcp)
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