Professional indemnity, cyber and management liability cover options for AI consultants and implementation specialists building and deploying AI solutions for Australian businesses. Talk to a specialist broker.
Tell us a little about your business and we’ll be in touch to discuss your insurance requirements.
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Implementing AI systems for clients comes with risks that don’t fit neatly into a generic IT consultant policy: a flawed model can produce costly errors, training data can raise intellectual property questions, and the systems you build often hold sensitive client data. Sol Insurance Brokers can help you explore cover options that reflect how AI consulting actually works.
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Is designed to help protect you against claims arising from an error, omission or a flaw in the model or solution you build, where that flaw causes a client financial loss, subject to policy terms.
02
Can help cover the costs following unauthorised access to an AI platform you manage, exposing training, user or employee data, subject to policy terms.
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Can help cover the costs of defending claims relating to your management decisions, statutory liability or employment-related disputes, subject to policy terms.
04
Can help cover your laptop and other portable work equipment against risks such as theft or accidental damage, subject to policy terms.
Depending on your business and circumstances, additional covers may include, but are not limited to, Business Interruption, Personal Accident & Illness and Workers Compensation, where relevant and subject to policy terms, conditions and exclusions.
A flaw in a model or AI system that produces inaccurate outputs, causing a client financial loss
An AI solution trained using data or content the client didn't have clear rights to use
Unauthorised access to an AI platform exposing training, user or employee data
A delivered AI solution failing to perform as specified in the client contract
A fraudulent email or spoofed instruction tricking your team into transferring funds
A client's automated decision-making system producing an incorrect outcome traced back to your implementation work
Important: The information provided on this page is general in nature and does not take into account your individual circumstances. Insurance cover, terms, conditions and exclusions vary between insurers and policies. Your insurance requirements will depend on your business activities, contracts, assets and individual circumstances. Please refer to the relevant policy wording and documentation for full details of cover. The risks listed above are general examples only, for illustrative purposes, and do not confirm that your individual policy will respond to any particular claim.
It can respond to a claim that an error or flaw in the solution you built caused the client a financial loss, subject to your policy terms. It’s worth discussing exactly what you build and deploy with your broker so your cover matches the work.
This is a genuine and growing area of exposure. Professional indemnity can potentially respond to a resulting claim, but it’s worth flagging your data sourcing practices to your broker so any gaps in cover are identified early.
If you build, host or have access to systems that process client, user or employee data, even temporarily, that’s generally enough to create a cyber exposure worth covering.
It can. Management liability generally responds to claims like employment disputes or regulatory action, which can apply regardless of how small your team is.
Portable equipment cover can generally include your laptop and related equipment against theft or accidental damage while working from different locations, subject to policy terms and any security conditions.
Tell us a bit about your business and one of our brokers will be in touch.
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