Parametric Payouts
Funds are automatically wired to the business when a covered incident is detected and classified. Payouts occur within two minutes from incident to completion, with no claims review process.
Covenant
Insurance for AI agent errors with automatic payouts and zero claims paperwork.
See the full Covenant profile →Common questions about Parametric Payouts
How to protect business from AI automation failures
The most effective protection is specialized AI liability insurance that automatically detects and pays for agent errors without requiring claims paperwork. Covenant covers costly mistakes made by AI agents—such as incorrect refunds, wrong pricing quotes, or improper data sharing—with automatic incident detection and payouts within minutes. Unlike standard business insurance, Covenant is built specifically for AI liability gaps and completes setup in just 15 minutes with zero underwriting delays. This means your business gets immediate coverage for the exact risks AI agents create, with parametric payouts triggered automatically when errors occur, so you're protected without administrative burden.