New Business Brief: Insurance Coverage for AI-Related Risks

As AI rapidly reshapes the AEC industry, geoprofessional firms face new opportunities—and new risks. GBA has released a new Business Brief for members, “Utilizing Artificial Intelligence: Is Your Firm Adequately Insured?”

This comprehensive resource guides GBA members through the complexities of insurance coverage for AI-related risks, emphasizing the importance of understanding policy exclusions and definitions. “It would be unwise to assume that existing insurance covers all emerging AI risks,” the Brief cautions.

The brief explores the five essential types of insurance every geoprofessional firm should review to stay protected as AI transforms our industry:
• Cyber Liability Insurance
• General Liability Insurance
• Professional Liability Insurance
• Directors & Officers Liability Insurance
• Employment Practices Liability Insurance

Coverage can vary significantly between policies and depends on specific language, definitions, and endorsements.

The Business Brief provides proactive steps for firms and cautions that, “The use of AI should not replace human leadership and oversight or the need to verify the accuracy and/or quality of the work produced.”

This resource is available exclusively to GBA members. To access the new Business Brief and ensure your firm is prepared for the evolving landscape of AI risk, click below.