Intellectual Property Cover
Provides cover for the legal costs associated with pursuing infringement or theft of intellectual property, as well as cover for being accused of infringement.
Nearly all businesses will have some form of intellectual property, often as a result of innovation. This IP can include brands, logos, designs, inventions, writing, art, photographs, or video. The main IP rights are patents, trademarks, registered designs, and copyright.
What Does Intellectual Property Cover?
There are two basic types of IP insurance: Infringement defence – covers policyholders for infringement claims brought against them. And Abatement enforcement coverage – this gives IP owners the financial resources to enforce their IP rights and pursue infringement claims.