Liability insurance

Abstract

Individuals and entities can cause significant damage to others while using potentially dangerous technologies. Instead of banning such technologies outright, expanding the use of liability insurance can be an effective compromise to reducing related risks. Insurance companies performing risk assessments and offering insurance policies tied to safety features and background checks can incentivize responsible use and discourage misuse. Ultimately, liability insurance requirements can help maintain the availability of technologies for legitimate purposes while mitigating their potential for harm. – AI-generated abstract.