Complex risk is everywhere, and Arthur J. Gallagher & Co. (Gallagher) helps protect its clients from threats both historic and novel. As one of the world’s largest insurance brokerage, risk management, and consulting firms, Gallagher’s advisors are an integral part of a thriving business community; one where resilience against evolving threats is of the utmost importance. As AI continues to reshape industries, businesses should embrace its potential while remaining vigilant about the risks it may introduce. New coverage options are becoming more important than ever to help protect liability and assets for the future.
“AI and machine learning are being adopted at such a rapid rate that related coverage options might become as significant as cyber liability coverages were in their early stages,” says William Jackson, Gallagher Regional President, Louisiana. “Some carriers are beginning to introduce AI exclusions or broad AI-related limitations within liability policies, which could affect D&O, E&O, fiduciary, EPL and cyber placements. At the same time, new AI-specific products and endorsements are emerging to help address potential coverage gaps. Businesses should be asking whether standalone AI policies or endorsements to existing policies are available, and whether that coverage applies to first-party losses, third-party claims or both.”
Insurance coverage in Louisiana requires a unique perspective, one that is as diverse as the geography, cultures, and people that populate the state. Meteorological factors like hurricanes, wind, storm surge and flooding remain significant exposures, and businesses need to look beyond direct property damage when considering what constitutes lasting effects, including supply-chain disruption and extended power outages.
“While there have been positive reforms, Louisiana’s legal and regulatory environment is still viewed as litigious, which can add complexity to liability claims,” says Jackson. “That makes it especially important for businesses to be deliberate about their general liability, commercial auto, excess liability and professional liability limits and policy wording.”
Today, Gallagher combines deep local knowledge in Louisiana with the scale and resources of a global organization, helping clients manage claims while also identifying ways of reducing risk when it arises. With specialists across the state focused on public entity, healthcare, marine, construction, habitational, transportation, higher education, and hospitality, Gallagher aims to become more than a broker for Louisiana but also a strategic partner for their clients and neighbors in the Gulf South.
111 Veterans Memorial Blvd, Metairie | (504) 888-1100 | ajg.com
