What does Covenant do?
Covenant provides insurance coverage specifically designed for AI agent errors. When an AI agent makes a costly mistake—such as issuing an incorrect refund or sharing customer data improperly—Covenant detects the incident automatically and pays out within minutes, with no claims paperwork required.
How is Covenant different from standard business insurance?
Standard business insurance covers slips, accidents, and property damage but was not written for AI. Covenant is built specifically for AI liability gaps. When an AI agent gives wrong information or issues an unauthorized refund, that typically falls outside standard policies. Covenant covers these AI-specific incidents with automatic detection and payout.
How much does Covenant cost?
Covenant's monthly premium is based on the business's size and actual AI usage, not generic industry brackets. Premiums adjust monthly as the business's AI deployment changes. The current example shows a monthly premium of $2,140, though pricing varies by usage.
How long does it take to get covered by Covenant?
Covenant requires only a 15-minute setup call with no paperwork or interview. Businesses can be fully covered the same day. There is no multi-week underwriting process like traditional insurance.
How do Covenant's claims work?
Covenant detects incidents automatically through monitoring of AI agent actions. Evidence is pre-bundled at the moment of detection. Funds are wired automatically within two minutes from incident detection to payout. The business does not file any claims or provide evidence.
Who founded Covenant?
Covenant was founded by Etienne de Bruin (CTO), Roddy Awad (COO), and Marcel Petitpas (CEO). De Bruin brings two decades of security infrastructure experience. Awad spent 15 years in fintech compliance and founded Lavvi. Petitpas co-founded Parakeeto and observed the AI liability gap across his client base.
Who is backing Covenant?
Covenant is backed by Martell Ventures, whose Managing Partner Dan Martell is an investor and advisor. Martell is an early investor in Intercom, Hootsuite, and Unbounce, and has spent a decade backing founders solving critical gaps in business infrastructure.
What types of AI agent errors does Covenant cover?
Covenant covers errors including incorrect refunds, wrong pricing quoted to customers, and unauthorized customer data sharing. The policy is designed to cover AI agent actions and decisions that cause financial loss or customer harm.
Do I need legal or insurance expertise to use Covenant?
No. Covenant is designed for small businesses without legal or insurance expertise. The setup requires only a 15-minute call with no forms or interviews. Covenant handles all evidence gathering and payout automatically.
What happens if my AI agents are already causing incidents?
Businesses can join Covenant's waitlist and be onboarded within 48 hours. Coverage begins after setup is complete. Covenant is designed for businesses actively deploying AI agents in production.