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US business owners seek higher insurance coverage as AI, election risks loom

Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their insurance will not cover a specific loss, a survey by insurance brokerage Gallagher showed this week.

According to Gallagher's findings, 91% of those surveyed worry about natural disasters and catastrophes affecting their businesses, while another 69% are concerned about potential cyber attacks.

Tags

insurance, cyber