Insurance for Virtual and Augmented Reality Companies

This policy protects against claims of bodily injury, property damage, and personal/advertising injury. VR and AR experiences can sometimes lead to physical mishaps, such as users tripping or colliding with objects, making General Liability crucial for covering potential accidents arising from using or showcasing these immersive technologies.

This insurance caters to medical expenses and wage replacement for employees injured on the job. Given the experimental nature of VR and AR, employees working with, or testing, these technologies might face unique workplace injuries or strains, necessitating this coverage.

This policy safeguards against claims related to employment issues such as wrongful termination, discrimination, or harassment. As the VR and AR industry is still nascent and evolving, companies in this space may face growing pains in hiring, management, or diversity, leading to potential claims.

Tailored to protect corporate leadership against claims resulting from their managerial decisions. In the dynamic VR and AR sector, where market trajectories can shift rapidly, executive decisions could become areas of contention, making this coverage essential.

This insurance covers claims arising from professional mistakes or oversights. Given that VR and AR solutions have myriad applications—from gaming to medical training—any software glitch or oversight can have significant implications, emphasizing the need for this protection.

A must-have for potential losses from cyber threats like data breaches. VR and AR platforms often require vast amounts of user data, and any compromise in these datasets, or vulnerabilities in the platforms, can expose companies to substantial risks.

This covers losses associated with criminal activities like fraud or theft. With the proprietary tech and intellectual property in the VR and AR domain, there’s potential for both internal and external malfeasance, making this policy valuable.

Focused on safeguarding digital assets such as proprietary software or unique digital licenses. For VR and AR companies, which often rely on a suite of unique digital tools, algorithms, and content, this insurance protects against potential losses or breaches of these critical assets.