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Changing Technology and the Future of Commercial Insurance

As technology changes, commercial insurance policies need to change. Such is the case with the rise in AI software usage, which has infiltrated everyday life. 

The risks associated with AI require a different kind of commercial insurance than you ever had. America’s Top Insurance now advises businesses operating in Gahanna, OH, and surrounding areas. 

First, we show our customers the problems to watch out for when using AI products. Then, we offer commercial insurance that protects them against financial loss. 

Concerns with AI That May Require Insurance

Copyright Violations

Let’s say you’re a digital marketing company that runs several blogs. You have a team that provides content for them. 

Maybe one of your employees on that team posts some AI photos with published content. This seems harmless enough, except that AI generators often retrieve copyrighted images. 

This may seem odd. However, people mistake the automation of AI for one that creates original content. If someone on your team doesn’t cite copyrighted material or uses it without permission, you could end up in court. 

Data Theft

Perhaps you have a company that trains AI chatbots. Some of these bots are meant only for your technical support team’s access. An employee on the inside could copy the information fed into these commercial bots and steal data. 

These could be figures related to company trade secrets or perhaps even vital statistics not meant for public use. You could lose money on this deal if an employee stole data that belongs to a client. 

Data Misrepresentation 

Some chatbots aren’t trained well enough for factual use. If you’re a journalist using AI writers to create content, beware. They don’t always tell the truth. You could be charged with libel or slander, even if you have no idea that the data you used was misrepresented. 

This happens when writers don’t fact-check the AI documents they produce. It’s also part of why most clients don’t want people to rely on AI machines alone to create online content. 

These are only some of the things that can “go wrong” when using AI bots. When running a technology business, it would be best to have liability insurance and the highest level of protection possible against these. 

Contact America’s Top Insurance serving Gahanna, OH. When using emerging AI products, don’t wait too long to update your commercial insurance policy. 

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