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6lock Adds $1 Million in Insurance Coverage to Verified Money Movement PlatformCoverage of up to $1 million per occurrence, placed in the Lloyd's insurance market, adds another layer of protection to private-market transactions AUSTIN, Texas, Sept. 23, 2026 /PRNewswire/ -- 6lock, the Verified Money Movement platform purpose-built for private equity firms, today announced that it now offers up to $1 million in insurance coverage per occurrence for eligible transactions completed through its platform. The coverage, placed in the Lloyd's insurance market, adds insurance protection to 6lock's existing controls for verifying identities, banking instructions, and approvals before money moves. Private equity transactions often involve large, time-sensitive transfers among fund managers, investors, administrators, and portfolio companies. Yet many firms still depend on email, spreadsheets, and callbacks to exchange banking information and approve payments. These are the same channels that business email compromise, social engineering, and impersonation attacks are designed to exploit. "Trust in a high-value transaction should not depend on whether an email looks familiar or a voice sounds right," said Todd Sorrel, Co-founder and CEO of 6lock. "6lock changes the process so verified people or entities, confirmed account ownership, and approved instructions are stablished before money moves. Adding insurance coverage gives firms and their investors another layer of confidence behind that process." 6lock provides a closed-loop transaction layer for capital calls, distributions, deals, and vendor payments. The platform guides participants through four steps: invite, verify, fund, and reconcile. Sensitive banking details remain outside email, firms retain their existing banking relationships, and every transaction produces a real-time, auditable record from invitation through settlement. The insurance coverage complements these preventative controls. Rather than relying on insurance as the first line of defense, 6lock is designed to remove the manual processes and unverified communications that allow fraudulent instructions to enter a transaction. Eligible transactions are then supported by insurance coverage of up to $1 million per occurrence, subject to all applicable policy terms, conditions, exclusions, and limits. Private equity firms, fund administrators, and portfolio companies can learn more about 6lock or request a demonstration at 6lock.com. About 6lock Press Contact
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