Do not assume that an AI-related event is automatically covered or automatically excluded. The answer depends on the policy language, endorsements, the facts of the event, and applicable law.
Prepare before speaking with a broker or carrier
Inventory AI use. List the tools, business functions, data types, users, and decisions that involve AI.
Map possible exposures. Consider privacy, cybersecurity, professional errors, employment decisions, intellectual property, advertising, and operational interruption.
Gather current policies. Collect the declarations, coverage forms, endorsements, exclusions, and recent renewal changes.
Document governance controls. Written policies, approved-tool lists, human review, vendor review, training, and incident response can help a licensed professional understand how the business manages risk.
Ask specific questions. Ask how the policy may respond to the company’s actual AI use cases. Coverage availability, eligibility, pricing, policy interpretation, and claim outcomes are determined by the licensed professional and carrier.
Simple Serve AI can help organize the AI use inventory and governance documentation. This article is general information and is not insurance or legal advice.
This article provides general business information and is not legal, regulatory, tax, cybersecurity, or insurance advice.