Corgi launches modular AI insurance product as traditional coverage falls short
Corgi, an InsurTech firm focused on emerging technology risks, has launched an AI Insurance Coverage product designed to protect businesses from financial and legal exposure linked to artificial intelligence systems. The product addresses a protection gap as traditional insurance policies increasingly exclude or fail to cover AI-related incidents.
The new offering integrates into existing technology errors and omissions (Tech E&O) policies rather than requiring a separate standalone contract. This approach lets companies extend protection without restructuring their insurance arrangements.
The modular design allows businesses to select specific coverage areas based on their actual AI usage. Companies can opt for protection against algorithmic bias, inaccurate outputs, harmful generated content, misuse of training data, adversarial attacks, synthetic media issues, and failures in autonomous systems.
Traditional carriers have begun excluding AI-related risks from policies altogether, creating demand for specialized solutions. Corgi targets technology companies, startups, and enterprises actively deploying AI in production environments.
"Businesses are moving fast with AI, but their insurance hasn't kept up," said Nico Laqua, Corgi co-founder and CEO. "We built this product for the reality companies are already in, where AI is making decisions, taking actions, and sometimes making mistakes."
The launch reflects how insurers and regulators are still assessing how to handle AI-driven incidents. Risk exposure from AI systems spans technical and operational layers, requiring coverage that adapts as deployment methods evolve.
For insurance professionals managing emerging technology risks, understanding AI for Insurance and the technical foundations of Generative AI and LLM systems can clarify both the risks and the coverage solutions now available.
Your membership also unlocks:
