Artificial Intelligence Insurance

Artificial Intelligence Insurance

Data Science I Robotics | Bots & APIs | AGI | ANI

AI/Artificial Intelligence is already delivering game-changing benefits in inventory management, forecasting, faster diagnoses, order fulfilment, manufacturing processes and robotics. With very big data increasingly accessible and available, the tidal wave of Knowledge Work Automation is predicted to impact the global economy by $5-7 trillion per annum. But with new opportunity comes new risk.

What if…?

  • Your AI misinterprets data and reaches to the wrong conclusion?
  • Your software doesn’t deliver the promised efficiencies and you’re sued?
  • Your tele-surgery robotics are hacked and someone is hurt?
  • Your AI breaches data privacy legislation?
  • Someone accuses you of IP infringement based on your Artificial Intelligence?

AI gone wrong could have disastrous consequences. But while the world angsts about the existential risks (will robots destroy the human race?), it’s our job to protect your business in the here and now as you push forward the boundaries of technology.

Specialist AI insurance that’s designed with Artificial Intelligence in mind is a must. La Playa is one of the few brokers who really understand AI. We speak your language. We understand the risks and pressures you face. And we can support you with bespoke insurance protection from start-up to IPO – when your shares will be traded by algorithmic high-frequency AI traders…

Employers Liability Boris Robot 5

“...just the thing we were looking for. [La Playa] understands customer service. A rare thing in the insurance world it seems. Thanks once again.”

Colin, Managing Director, Qros Ltd

 

Pricing Options

Prix Fixe 1

£45.83 a month

Professional Indemnity: £250,000

Employers' Liability: £10 million

General Public: £1 million

Product Liability: £1 million

Computers: £5,000

General Contents: £5,000

Business Interruption: £25,000

Breach Response: 5,000 records


Application form

Prix Fixe 2

£55 a month

Professional Indemnity: £500,000

Employers' Liability: £10 million

General Public: £1 million

Product Liability: £1 million

Computers: £5,000

General Contents: £5,000

Business Interruption: £25,000

Breach Response: 5,000 records


Application form

Prix Fixe 3

£73.34 a month

Professional Indemnity: £1,000,000

Employers' Liability: £10 million

General Public: £1 million

Product Liability: £1 million

Computers: £5,000

General Contents: £5,000

Business Interruption: £25,000

Breach Response: 5,000 records


Application form

A La Carte

 


Application form

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

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About La Playa Science & Technology

Specialist & Independent

Specialist & Independent

La Playa's specialist Science & Tech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language.  We’ll support you with great advice - helping you make good decisions for your business. 

In-house IFA

We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof

Advice You Can Trust

…from an expert who understands you

Tech-based business is 24/7, global and borderless, exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.

  • Specialist insurance for science and technology
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture

Seamless insurance across UK and US

What does “Boutique Service” actually mean?
La Playa’s Personal Risk Concierge means:

  1. dedicated adviser so you can speak to the same person each time
  2. Careful listening to really understand your needs and priorities
  3. As much help as you need with completing forms to provide risk information
  4. A discreet and complimentary appraisal* of your property to assess the risks and ensure you have the right cover where you need it
  5. An independent market review - so you don’t have to shop around comparing policies, cover limits, risks covered and smallprint exclusions
  6. Careful monitoring of the insurers’ financial strength, claims and customer service
  7. An independent recommendation of the best policy for you - and, importantly, why
  8. Specialist policy wordings from underwriters who have demonstrated excellence and deep understanding of your risk exposures. We have analysed a wide range of policy wordings and have selected only the best for our panel. Our advisers have a deep working knowledge of these policies 
  9. An intelligently designed portfolio of protection across multiple asset classes and territories
  10. Advice on how best to manage your risks - to keep you safe but also to keep insurance costs down
  11. Expert guidance on valuations, security and risk management, and connecting you with specialist advisers and suppliers
  12. Direct phone, mobile and email access to your adviser for questions and advice. We aim to respond to emails within 60 minutes
  13. Policy documents emailed to you - no logins and passwords to remember
  14. An advocate beside you if you make a claim - thinking laterally to mitigate the impact, making useful connections to get you back up and running; driving through to a swift and fair financial settlement

Oh, and...

  • No call centres
  • No ‘hold’ music
  • No hidden fees

*subject to availability with our insurer panel

Photo from Science & Technology
Photo of Hanna Beaumont FIRM

Hanna Beaumont FIRM

DIRECTOR, CORPORATE

Direct Dial: +44 (0) 1223 200664

Mobile: +44 (0) 7795 473071

Email: hanna.beaumont@laplayainsurance.com

Twitter: @HannaBLaPlaya