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AI Guarantee vs Professional Liability Insurance

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What is AI Insurance?

AI Insurance is an umbrella term for all insurance policies that provide coverage for perils due to AI such as model under-performance, model bias and model copyright infringement etcetera that results in damages for the user of AI.

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What is AI Risk?

AI risk, in the context of insurance, refers to the uncertainty of financial or reputational loss arising from the development, deployment, or use of artificial intelligence (AI).

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