Topics: Agent Resources
Now that the technology is being tested, those looking to invest in driverless cars and self-driving cars want to know: How will driverless car technology drive automation and product liability claims?
Driverless car and self-driving car technology may seem like a thing of the future, but as these new technologies are tested they open the doors for innovation that could change the world. What’s on the horizon?
But that’s not all. Driverless car and self-driving car technology also lead the way for innovative technology that could lower the environmental effects of society that vastly depends on automotive transportation. Global rise in temperature has caused an increase in commercial agriculture insurance premiums as well as in the number of crop insurance claims.
The technology could also increase productivity for small business owners and employees. Instead of sitting in bumper-to-bumper traffic, commuters can recapture the time usually lost to a long morning and afternoon commute and use it for leisure or work.
As self-driving cars become more prevalent on the roads of the US, it is clear that their cyber security and cyber liability coverage will need to be able to stand up to the risks.
For independent insurance agents with small and mid-size business clients, the key to staying ahead of the curve is to be proactive. Ensure that you have a formidable cyber liability policy to offer from a trustworthy insurance company, as well as a full suite of product offerings for various industries that might be effected, and you’ll be ready to capitalize on self-driving technology. If you don’t have AmTrust products in your wheelhouse, join our team to get access.