For many, the “metaverse” sounds like some obscure sci-fi fantasyland. You may be asking, where is it? How does one get there? Chances are, if you are reading this article on a screen, then you are already interacting with what could be described as the metaverse. And if your business is operating in the metaverse, it is being exposed to new risks that need to be managed.
The Insurance Journal recently published an article by Hunton Insurance Recovery lawyers discussing risk management of exposures in the metaverse. In the article, Syed Ahmad, Kevin V. Small, Adriana Perez, and Jessica Lamour* discuss the critical role insurance may play in the metaverse, as well as the coverage that may be available under policies insuring assets in the tangible universe. A copy of the article is available here.
*Ms. Lamour is a Juris Doctor candidate at Duke University School of Law that was a Summer Associate in Hunton Andrews Kurth’s Insurance Coverage group.