Crosby Secures $5 Million AI Liability Insurance for Legal Agents
Updated
Updated · The New York Times · Nov 7
Crosby Secures $5 Million AI Liability Insurance for Legal Agents
2 articles · Updated · The New York Times · Nov 7
Summary
$5 million in AI liability coverage gives Crosby dedicated insurance for its AI agents after founder Ryan Daniels spent about six months seeking a policy.
The coverage comes as Daniels pushes the AI law firm toward unsupervised legal work, aiming by the end of next year for agents to handle full legal tasks without lawyers.
Crosby already uses AI for most contract review work, with about 60 lawyers overseeing the process and marketing turnaround as fast as one hour for nondisclosure agreements.
Testudo, a two-year-old insurer backed by Lloyd's of London with $1 billion of underwriting capacity, wrote the policy in a market where few major carriers yet insure standalone AI workers.