top of page
Myth Busting

Educational Content - Myth Busting

8/11/24, 9:00 PM

🚫 5 Myths About AI Insurance (Debunked)

Myth #1: "Cyber insurance covers AI risks"
❌ Reality: Traditional cyber policies have significant gaps in AI-specific liability coverage.

Myth #2: "AI insurance is too expensive"
❌ Reality: The cost of ONE major AI incident far exceeds comprehensive insurance premiums.

Myth #3: "Only large enterprises need AI insurance"
❌ Reality: SMBs deploying AI face proportionally greater risk exposure relative to their resources.

Myth #4: "We can't get AI insurance because our use cases are unique"
❌ Reality: Modern AI risk assessment (like ours) evaluates specific implementations, not generic categories.

Myth #5: "AI governance eliminates the need for insurance"
❌ Reality: Governance reduces risk; insurance transfers it. You need BOTH, not either/or.

The AI insurance market is maturing rapidly. Make sure your understanding keeps pace.

Questions about AI risk management? Drop them in the comments. 👇

#AIInsurance #MythBusting #RiskManagement #EnterpriseEducation #AIGovernance

bottom of page