What it sells
Liability insurance for generative AI and AI Agents
Business model breakdown
Buyer: who owns the budget?
UnverifiedRisk, legal or finance leaders at companies building or deploying generative AI and agents, buying through insurance brokers.
Trigger: what makes them buy now?
Traditional policies are silent on AI failure modes and some insurers add AI exclusions; customers and boards ask for written protection and procurement answers.
Workflow: what inputs become what output?
Technical evaluation and governance documentation underwrite a standalone affirmative AI liability policy that covers defense costs and settlements for third-party claims from AI errors, outputs and agent actions; includes monitoring and incident coordination.
Economics: what it saves and how it charges
MGA/Lloyd's Coverholder earning premium and commission on policies with limits up to US$25M aggregate per insured (US$5M per model). Premium rates not published.
Distribution: how it reaches customers
Placed through brokers (broker appointment program with co-marketing and training); also direct "Discuss coverage" enquiries.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Winter 2022 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.