Coverage line
Intellectual Property
Someone copies your invention, or accuses you of copying theirs. This pays the legal bill either way, and what a court makes you pay.
Built for moments like these.
A competitor ships your patented gripper. Enforcing the patent runs to years of legal fees.
Covered: Defending what you own
A patent holder demands a license fee for your core model, and threatens your customers too.
Covered: Someone else's claim
The classic mix-up
Your source code is stolen off your servers in a breach.
Not this policy
→ Cyber Liability answers this oneEasy to confuse.
Intellectual Property
Who owns the idea.
This page
When to buy
Your first filed patent, or the first contract where you cover a customer's IP claims.
Typical ask: $250K–$5M per claim.
Who requires it
Enterprise contracts with an IP indemnity clause.
How hard to get
Needs the right insurers
A short list of insurers, and they want every filing and indemnity listed.
Common questions
What does intellectual property insurance actually pay for?
Legal costs, in both directions. Defending a claim that your product infringes someone else's patent, trademark or copyright, and pursuing someone using yours. Damages a court awards follow the carrier's wording.
We have no patents yet. Is this line still relevant?
Patents are only one part of it. Trademarks, copyrighted code, and trade secrets are intellectual property too. And a claim that you infringe someone else's does not require you to own anything.
Keep reading
Describes a line of coverage in general terms. Not an offer of insurance.