Key Takeaways• Crypto insurance is still a growing industry but provides growing protection against theft, hacks, and custodial risks. • Deciding on crypto insurance depends on the scale of your investments, the risks you are willing to take, and the methods you use for custody. Small Retail InvestorsIf your crypto is modest in value and stored securely in hardware wallets, insurance may not be essential. At the same time, it is important to recognize what crypto insurance does not cover. Ultimately, crypto insurance should not be seen as a replacement for personal responsibility but as an additional safeguard in a financial industry that is still developing.