Insurance Companies Narrow Coverages Against Artificial Intelligence Risks
Companies are turning to review their policies for AI-driven risks and evaluating special coverage options.
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While the insurance sector maintains that damages related to artificial intelligence fall under traditional policies, it has recently begun restricting coverages.
Coverage Restrictions and New Practices
Insurance companies are increasingly narrowing coverages through clauses that exclude AI-connected risks, sub-limits, and application conditions.
Precautions Businesses Must Take
It is of great importance for companies to carefully examine their existing policies and renewal applications, and to properly document their use of artificial intelligence.
Search for Special Insurance Solutions
Faced with uncertainties in the scope of traditional contracts, businesses are thoroughly evaluating their specialized artificial intelligence insurance needs.