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Man I wish I could get insurance like that. "Accountability insurance" You were responsibile for something, say, child care, and you just decided to go for bee

Man I wish I could get insurance like that. "Accountability insurance" You were responsibile for something, say, child care, and you just decided to go for beer and leave the child with an AI. The house burns down, but because you had insurance you are not responsible. You just head along to your next child care job and don't too much worry about it.

WrongAssumption 1y ago
Being covered does not mean you are not responsible.
- conartist6 1y ago
  That was basically my whole point. Would you want to insure people who think they have no responsibility because they've delegated it to an AI? They might as well have delegated the responsibility to a child or a dog. To sell them insurance, you as the insurer are making a financial bet on the ability of the dog to take care of anything that does go wrong. And still as the insured, using the AI imbued with your responsibility risks horrible outcomes that could still ruin your life. The AI has no life to ruin. It was never really responsible.
  - wat10000 1y ago
    It's just a numbers game. Set your premiums such that you take in more than you pay out. If losses due to dumb use of AI are common then the premiums will be high, but there's no reason to refuse to issue such policies altogether.
alexriddle 1y ago
Lots of insurance covers these types of situation which are the result of careless acts... Don't take the right safety precautions and burn down a customers house - liability insurance Click on a link in a phishing email and open up your network to a ransomware attack - cyber insurance Forget to lock your door and get burgled - property insurance Write buggy software which leads to a hospital having to suspend operations - PI (or E&O) insurance Fail to adequately adhere to regulatory obligations and get sued - D&O insurance Obviously there will be various conditions etc which apply but I've been in Insurance a long time and cover for carelessness and stupidity is one of the things which keeps the industry going. I've dealt directly with (paid) claims for all of the above situations. It doesn't absolve responsibility though, it just protects against the financial loss. I suspect if you leave a child alone with an AI and the house burns down that's going to be the least of your problems.
- jpc0 1y ago
  > Forget to lock your door and get burgled - property insurance I’m pretty sure this will be the same for the other insurance you mentioned but for property insurance if you left your front door open you will have a hard time getting the insurance to actually pay out your claim. At least here they require a burglar alarm and they require it to be armed when nobody is on site or they will absolutely decline the claim. Insurance insures against risk, but there’s a threshold to that and if you prove to be above it they will decline your claim or void your insurance in totality.
  - alexriddle 1y ago
    In the UK where I am, most standard (not budget) property policies would cover theft from an unlocked entry point. Two main exceptions: 1 - if you are letting the property to someone else, e.g a lodger or have paying guests staying with you then this is typically excluded. 2 - if you have had previous theft claims, live in a high crime area, or you have a particularly high risk (e.g lots of valuables), the Insurer will add an endorsement that you need a minimum standard of locks and have them engaged when the property is unoccupied. Outside of those, if you accidentally leave a door unlocked, your claim will likely be paid. The situation obviously may be different in other countries. I worked for a property insurer and saw hundreds of these claims (entry via an unlocked entry point) paid during my time there - I also saw many declined because of the above. I suspect that over time the number of policies in the 'budget' category will continue to increase as price continues to trump everything else for most people] edit: it is the same for the other lines I mentioned as well -e.g a cyber policy I saw recently has no conditions relating to use of MFA. It will have been factored in when writing the risk (they will have said they use it) and if it turned out it was a lie then there would be an issue with cover but if it was just a case of an admin forgetting to include an OU in the MFA group policy the claim would almost certainly be covered. Policies aimed at the SME space are much more likely to have specific conditions though.
    - thaumasiotes 1y ago
      > In the UK where I am, most standard (not budget) property policies would cover theft from an unlocked entry point. How is this supposed to be assessed? You can demonstrate that a door was locked, if some kind of obvious measure was taken to circumvent it (destroying the lock, destroying the door, destroying the window...), but you can't demonstrate that it was unlocked. Burglars aren't limited to destroying things to bypass locks. One obvious approach is to pick them.
kube-system 1y ago
Insurance can’t go to jail for you but it can and often does pay your legal fees and/or civil liabilities regardless of fault.
- tedivm 1y ago
  Yup, I have an umbrella policy to cover a variety of legal situations. It costs me $900 a year for a $3m (per incident) policy.
Justin_K 1y ago
It's called errors and omissions and it's as basic an insurance as it gets.
caulkboots 1y ago
Not sure insurance will take the rap for criminal negligence.
thallium205 1y ago
Crime Insurance (Criminal Acts) is exactly what this is for - when an employee does something criminal while on the clock and the company is facing liability as a result of their actions.
0xDEAFBEAD 1y ago
>You just head along to your next child care job and don't too much worry about it. Aside from the fact that your insurance rate just went up, possibly by a lot.
john-h-k 1y ago
This feels like a pretty far fetched straw man. If someone invented medical malpractice insurance yesterday you could use the exact same argument. More generally I think “if something is bad, we should not be able to insure it because then we incentivise it” is not right
delfinom 1y ago
Insurance doesn't mean you are not responsible my dude, way to completely misunderstand insurance. Insurance just covers financial damage, and it's the insurer making a bet with you that they will profit off the premiums they calculated for your particular coverage instead of you causing an insurance payout that would be in the red for them. And if you intentionally committed an act that would cause a payout, the insurance would almost certainly void your coverage and claim.
Suppafly 1y ago
>Man I wish I could get insurance like that. "Accountability insurance" You could. Insurance companies will sell you insurance for just about anything, in custom situations they figure up the risk somehow. You likely wouldn't like how much it'd cost you though.

WrongAssumption 1y ago

Being covered does not mean you are not responsible.

conartist6 1y ago
That was basically my whole point. Would you want to insure people who think they have no responsibility because they've delegated it to an AI? They might as well have delegated the responsibility to a child or a dog. To sell them insurance, you as the insurer are making a financial bet on the ability of the dog to take care of anything that does go wrong. And still as the insured, using the AI imbued with your responsibility risks horrible outcomes that could still ruin your life. The AI has no life to ruin. It was never really responsible.
- wat10000 1y ago
  It's just a numbers game. Set your premiums such that you take in more than you pay out. If losses due to dumb use of AI are common then the premiums will be high, but there's no reason to refuse to issue such policies altogether.

alexriddle 1y ago

Lots of insurance covers these types of situation which are the result of careless acts... Don't take the right safety precautions and burn down a customers house - liability insurance Click on a link in a phishing email and open up your network to a ransomware attack - cyber insurance Forget to lock your door and get burgled - property insurance Write buggy software which leads to a hospital having to suspend operations - PI (or E&O) insurance Fail to adequately adhere to regulatory obligations and get sued - D&O insurance Obviously there will be various conditions etc which apply but I've been in Insurance a long time and cover for carelessness and stupidity is one of the things which keeps the industry going. I've dealt directly with (paid) claims for all of the above situations. It doesn't absolve responsibility though, it just protects against the financial loss. I suspect if you leave a child alone with an AI and the house burns down that's going to be the least of your problems.

jpc0 1y ago
> Forget to lock your door and get burgled - property insurance I’m pretty sure this will be the same for the other insurance you mentioned but for property insurance if you left your front door open you will have a hard time getting the insurance to actually pay out your claim. At least here they require a burglar alarm and they require it to be armed when nobody is on site or they will absolutely decline the claim. Insurance insures against risk, but there’s a threshold to that and if you prove to be above it they will decline your claim or void your insurance in totality.
- alexriddle 1y ago
  In the UK where I am, most standard (not budget) property policies would cover theft from an unlocked entry point. Two main exceptions: 1 - if you are letting the property to someone else, e.g a lodger or have paying guests staying with you then this is typically excluded. 2 - if you have had previous theft claims, live in a high crime area, or you have a particularly high risk (e.g lots of valuables), the Insurer will add an endorsement that you need a minimum standard of locks and have them engaged when the property is unoccupied. Outside of those, if you accidentally leave a door unlocked, your claim will likely be paid. The situation obviously may be different in other countries. I worked for a property insurer and saw hundreds of these claims (entry via an unlocked entry point) paid during my time there - I also saw many declined because of the above. I suspect that over time the number of policies in the 'budget' category will continue to increase as price continues to trump everything else for most people] edit: it is the same for the other lines I mentioned as well -e.g a cyber policy I saw recently has no conditions relating to use of MFA. It will have been factored in when writing the risk (they will have said they use it) and if it turned out it was a lie then there would be an issue with cover but if it was just a case of an admin forgetting to include an OU in the MFA group policy the claim would almost certainly be covered. Policies aimed at the SME space are much more likely to have specific conditions though.
  - thaumasiotes 1y ago
    > In the UK where I am, most standard (not budget) property policies would cover theft from an unlocked entry point. How is this supposed to be assessed? You can demonstrate that a door was locked, if some kind of obvious measure was taken to circumvent it (destroying the lock, destroying the door, destroying the window...), but you can't demonstrate that it was unlocked. Burglars aren't limited to destroying things to bypass locks. One obvious approach is to pick them.

kube-system 1y ago

Insurance can’t go to jail for you but it can and often does pay your legal fees and/or civil liabilities regardless of fault.

tedivm 1y ago
Yup, I have an umbrella policy to cover a variety of legal situations. It costs me $900 a year for a $3m (per incident) policy.

Justin_K 1y ago

It's called errors and omissions and it's as basic an insurance as it gets.

caulkboots 1y ago

Not sure insurance will take the rap for criminal negligence.

thallium205 1y ago

Crime Insurance (Criminal Acts) is exactly what this is for - when an employee does something criminal while on the clock and the company is facing liability as a result of their actions.

0xDEAFBEAD 1y ago

>You just head along to your next child care job and don't too much worry about it. Aside from the fact that your insurance rate just went up, possibly by a lot.

john-h-k 1y ago

This feels like a pretty far fetched straw man. If someone invented medical malpractice insurance yesterday you could use the exact same argument. More generally I think “if something is bad, we should not be able to insure it because then we incentivise it” is not right

delfinom 1y ago

Insurance doesn't mean you are not responsible my dude, way to completely misunderstand insurance. Insurance just covers financial damage, and it's the insurer making a bet with you that they will profit off the premiums they calculated for your particular coverage instead of you causing an insurance payout that would be in the red for them. And if you intentionally committed an act that would cause a payout, the insurance would almost certainly void your coverage and claim.

Suppafly 1y ago

>Man I wish I could get insurance like that. "Accountability insurance" You could. Insurance companies will sell you insurance for just about anything, in custom situations they figure up the risk somehow. You likely wouldn't like how much it'd cost you though.