The global value of AI and virtual investments was estimated at approximately $200 billion in 2023. As investing in the AI industry continues to gain popularity, it’s crucial to safeguard your commercial investments against potential risks, liabilities, and losses. If you’re in Parma, OH, and considering investing in a new AI startup or venture, Capretta Insurance Agency can provide the necessary protection year-round.
Potential Liabilities
Commercial insurance for AI properties protects against potential legal claims arising from AI-driven malfunctions or decisions. It’s essential to shield yourself from legal claims and filings anytime you’re investing in long-term AI technology.
IP Risks
Intellectual Property (IP) risks are also important to consider when investing in AI startups or ventures. Given the highly competitive nature of the AI industry, protecting your investments from loss, infringement, and theft is vital.
Misconduct
Occasionally, employees may breach contracts or restrictions, leading to theft or fraud. This can be particularly hazardous for AI and technology companies dealing with large sensitive data and personal information sets. Proper commercial insurance for your AI investments can provide peace of mind, regardless of your employees’ conduct.
Injuries
Employees who sustain injuries on the job may require short- and long-term coverage for medical costs and/or recovery services. While AI products do not sustain or experience injuries, those building AI products are at risk of encountering malfunctioning AI systems that pose risks to those around them.
Properly insuring your commercial assets is key, whether you work and live in Parma, OH, or you deal with AI and virtual entities. To learn more about commercial insurance options for your AI/virtual investment, contact Capretta Insurance Agency for a quote and to get started today.
