Intellectual Property

Intellectual Property (IP) coverage protects a company from the financial losses associated with legal issues pertaining to intellectual property rights. This includes coverage for litigation costs and damages related to allegations of IP infringement.

Cyber Liability Insurance

Technology Errors & Omissions

Business Property

Product Liability

What it covers:

Defense Costs

Damages and Settlements

Prosecution Coverage

IP Asset Protection

Cyber IP Risk

What it covers:

Policy Limits

Coverage limits for IP insurance policies can range significantly, usually from $500,000 to $5 million or more, depending on the company’s exposure and valuation of IP assets.

Deductibles

Deductibles can vary widely but often start at $10,000 or more, depending on the nature of the IP covered and the underwriter’s requirements.

Why do you need Cyber Liability coverage:

Contractual Obligations

Businesses may need to prove they have IP coverage to fulfill contractual obligations with clients or partners, especially in licensing agreements.

Global Market Exposure

As companies expand globally, they are exposed to IP risks in various jurisdictions with different laws and enforcement practices.

Litigation Costs

Legal defense for IP litigation can be extremely expensive and can threaten a company's financial stability.

Revenue Stream Security

Protects the revenue streams that are directly tied to patented products or proprietary technologies.