HSB Introduces AI Liability Insurance for Small Businesses
MUENCHENER RE GP UNSP/ADR (MURGY)
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Source: Business Wire
AI insurance protects businesses from AI lawsuitsIncludes bodily injury, property damage, advertising injury coverageHSB survey shows 91 percent of companies plan to use AIAI liability protection helps add certainty to an AI-driven worldFills Coverage Gaps and Exclusions HARTFORD, Conn.--(BUSINESS WIRE)--Specialty insurer HSB today introduced a new artificial intelligence (AI) liability insurance coverage that protects businesses from lawsuits resulting from the use of AI technologies.Designed for small and medium-sized companies, HSB AI Liability Insurance can pay for AI-related losses that some General Liability policies exclude, including bodily injury, property damage, and advertising injury for claims stemming from AI-generated advertising, marketing, blogs, and social media.“All types of businesses are using AI to do things more quickly and efficiently,” said Timothy Zeilman, global head of product ownership for HSB, part of Munich Re Group. “At the same time, the AI transfor
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