Corgi, an InsurTech focused on emerging technology risks, has launched a new AI Insurance Coverage product designed to protect businesses from financial and legal exposure linked to artificial intelligence systems, as adoption accelerates across industries.
The product addresses a growing protection gap as traditional insurance fails to cover risks from algorithmic bias, autonomous decisions and AI-generated errors as deployment scales, according to FF News.
Corgi develops insurance solutions tailored to modern technology risks, focusing on flexible and modular products that can adapt to evolving business models. Its approach integrates insurance more closely with how companies build and deploy AI systems in practice.
Unlike standalone policies, the new offering integrates into existing technology errors and omissions (Tech E&O) cover, allowing businesses to extend protection without overhauling their insurance structure. The modular design enables companies to select specific coverage areas based on their AI usage, rather than adopting a one-size-fits-all policy.
The coverage addresses a wide range of AI-related risks, including biased or inaccurate outputs, harmful generated content, misuse of training data, adversarial attacks, synthetic media issues and failures in autonomous systems. This reflects the increasing complexity of AI deployments, where risks can emerge across both technical and operational layers.
The launch comes as insurers and regulators continue to assess how to handle AI-driven incidents. In some cases, traditional carriers have begun excluding AI-related risks from policies altogether, creating further demand for specialised solutions.
Corgi said the product is aimed at technology companies, startups and enterprises actively deploying AI in production environments, offering a way to align insurance coverage with real-world AI usage.
“Businesses are moving fast with AI, but their insurance hasn’t kept up,” Corgi co-founder and CEO Nico Laqua said. “We built this product for the reality companies are already in, where AI is making decisions, taking actions, and sometimes making mistakes.”
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