Autonomous vehicle risks. The increased use of autonomous vehicles will impact many industries, particularly in the areas of claims and product liability litigation. (Photo: Shutterstock)

With billions of dollars spent on developing self-driving cars and trucks, important questions have been raised about the imminent role of autonomous vehicles (AVs) and the ramifications insurers and business owners may face in the wake of such rapid development.

IHS Automotive estimates there will be 4.5 million self-driving vehicles on the roads by 2030. Even now, U.S. officials are implementing legislation to allow for testing autonomous vehicles, and companies are sending their cars out onto the road.

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