Intellectual Property (IP) Infringement Coverage
IP Infringement Insurance fills coverage gaps found in virtually all liability insurance policies from lawsuits alleging infringement of:
- Patents
- Trademark
- Copyright
- Trade Dress
We utilize advanced coverage strategies to insulate clients from multi-million dollar losses. Coverage options include:
- Defense (Liability): The Defense policy reimburses the litigation expenses to defend against charges of infringing another’s IP rights including the cost of damages or settlements.
- Abatement (Plaintiff’s Coverage): A unique plaintiff’s policy which reimburses the litigation expenses to enforce a company’s IP against alleged infringers.
- Other Coverage Options include: Business Interruption, Loss of Commercial Advantage, Cost of Redesign, Remediation and Reparation.
Do you own a valuable patent? Plaintiff’s Coverage may be available which would reimburse you for litigation expenses while enforcing your company's patent rights. This provides you a more level playing field should you encounter a large competitor hoping to take advantage of their financial prowess. 