Hamilton's AI endorsement takes a sublimit approach rather than full exclusion, providing capped coverage for AI-related claims with governance incentives that can increase the sublimit for organizations with documented AI risk management programs.
Carrier Endorsement Details
Rather than excluding AI claims, applies a sublimit to AI-related professional liability claims, typically 25-50% of the policy limit.
Key Provisions
Applies sublimit (not exclusion) to AI-related claims
Sublimit typically 25-50% of aggregate policy limit
Requires AI governance documentation for full limit access
Includes incident response requirements for AI failures
Type: sublimit Policies: E&O, Cyber
Related Questions
- What is the difference between AI exclusions and AI sublimits? AI exclusions (like Verisk CG 40 47) eliminate all coverage for AI claims. AI sublimits (like Hamilton's) cap coverage at a lower amount but still provide some protection, often with governance incentives.
- What is Verisk CG 40 47? Verisk CG 40 47 is a CGL policy endorsement that excludes coverage for bodily injury, property damage, or personal/advertising injury arising out of AI systems.
Disclaimer: This content is provided for informational purposes only and does not constitute legal advice. AI regulations and insurance policy terms change frequently. Consult with a qualified attorney or insurance professional for advice specific to your situation. Gridex makes no warranties regarding the accuracy or completeness of this information.