AI Liability Insurance: Protecting Businesses from AI Risks
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
AI Adoption in Businesses: New Risks, New Coverage - HSB, a specialty insurer, introduces an AI liability product to address potential legal and financial risks arising from AI use in small and midsize businesses. With 74% of these businesses already relying on AI and 91% planning to increase its use, the need for targeted coverage is evident. The policy aims to protect companies from AI-related issues such as bodily injury, property damage, and advertising harms.
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