Limit
$25M aggregate
Per model
$5M
Paper
Lloyd's
Distribution
Broker only
What it covers
- Model error and drift
- Hallucinations and harmful outputs
- Data leakage
- Bias and discrimination claims
- Defence costs
- Insurable regulatory fines, with the EU AI Act and Colorado AI Act named
Watch out for
- The per model sublimit is $5M inside the $25M aggregate
- It sits alongside Tech E&O, it does not replace it; allocation between the two policies is the placement question
- No specimen wording was available in our research; the grants above are from Armilla's published product materials
Who it fits
- Companies building and deploying AI models
- AI vendors whose customers require dedicated AI limits
Who it does not fit
- A SaaS company with no AI product (an endorsed Tech E&O is usually the right buy)
Frequently asked questions
Is Armilla sold direct to startups?
No. Armilla distributes through licensed brokers, which is precisely why a retail broker can offer it and the direct platforms cannot offer a market comparison of it.
What limit can one model get?
Published capacity is $25M aggregate per insured with a $5M per model sublimit, raised in January 2026.
Source: Program details from Armilla's published company and product materials and Lloyd's capacity announcements, as compiled in our AI risk research checked November 14, 2026.
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