AiShelter provides specialized AI liability insurance products for individuals and businesses utilizing or developing artificial intelligence. The company uses proprietary AI technology to assess and mitigate unique AI-related risks, offering customizable coverage for financial loss, legal defense, and regulatory fines. Their solutions ensure affirmative coverage where traditional policies are ambiguous regarding AI-derived losses.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional insurance policies often fail to address the unique risks associated with the deployment and utilization of artificial intelligence, leaving individuals and businesses exposed to potential financial losses stemming from AI-related incidents. This lack of coverage creates ambiguity regarding liability for damages, injuries, or regulatory fines resulting from AI system errors, biases, or security breaches.
Solution
AiShelter provides AI liability insurance, offering financial protection against losses incurred from AI incidents. Their customizable insurance plans cover a range of scenarios, including damages, injuries, legal costs, and regulatory fines related to AI system failures. AiShelter utilizes proprietary AI risk assessment tools, including individual and business AI risk scores, to evaluate vulnerability and tailor policies to specific needs and risk profiles. By offering affirmative AI liability coverage, AiShelter aims to reduce the uncertainty associated with AI utilization and ensure that clients have adequate financial protection when AI-related incidents occur.
Target Audience
AiShelter's primary customers include businesses developing or deploying AI models, as well as individuals who are end-users of AI systems, seeking financial protection against AI-related risks.
Features
- Customizable AI liability insurance plans for individuals and businesses
- Coverage for damages, injuries, legal costs, and regulatory fines resulting from AI incidents
- Proprietary AI risk assessment tools to evaluate vulnerability and tailor policies
- Individual and business AI risk scores to assess risk levels
- Risk as a Service (RaaS) offering continuous real-time risk monitoring, alerts, and insights