Purpose-built AI liability insurance for companies building and deploying AI
GPS tracker and recovery service for stolen bikes across the UK
Stage
Established
Established
Founded
2020
2021
Based in
CA
GB
Pricing model
Contact for pricing
Paid
Pricing
Not given
Recovery only: £5.99/month with no upfront cost. Tracker + Recovery: £89 kit plus £5.99/month. Tracker + Recovery + Insurance: £89 kit plus monthly price based on bike value. Yearly plans are 10% off; 3-year plans are 20% off. Multi-bike discount: 10% off all bikes when protecting two or more.
Key features
AI Model Error coverage for third-party financial loss from AI errors, inaccurate outputs and hallucinations
AI Model Output coverage for defamation, breach of confidentiality and trade secret disclosure
AI Agent Mistakes coverage for incorrect decisions and failures to escalate
Non-Breach Privacy & Data Leakage coverage for unintended disclosures through model outputs
AI Property Damage coverage for damage to third-party property caused by underperforming AI systems
AI Regulatory Violations coverage for defense costs and fines for investigations into AI underperformance
Limits up to US$25 million aggregate per insured and up to US$5 million per model
Technical underwriting based on technical evaluation and governance documentation
Standalone, affirmative AI liability policy with named AI failures covered in writing
Defense costs and settlements for third-party claims arising from AI errors, outputs and agent actions
Hidden GPS and Bluetooth beacon trackers with 3-year battery life
Self-fit tracker kit installed in 5-10 minutes at home
24/7 dedicated recovery team response to stolen bike reports
In-house data analysis and recovery planning platform
Works with existing trackers: AirTag, Bosch, PowUnity, Cowboy, VanMoof, and others
Recovery agents trained to de-escalate and work with police
Recovery Promise: full refund if bike cannot be recovered
What makes it different
Affirmative coverage specifically for AI failure modes, not silent or excluded like traditional policies
Technical underwriting from evaluating over 500 AI systems across regulated industries
First Lloyd's Coverholder dedicated solely to AI liability insurance
Backed by major insurance carriers Chaucer, AXIS Capital, and Convex
Proof of insurance for vendors to present to enterprise customers
80%+ recovery rate with most bikes returned within 48 hours
Recovered over 1,000 bikes since founding
No call-out fees or excess charges for recoveries
Tailored hidden casings by bike model to avoid thief detection
Armilla AI
BackPedal