Provides coverage to defend your Patents, Copyrights, Trademarks, Trade Secrets, and Nondisclosure Agreements or to defend yourself if others allege you are infringing on theirs.
Intellectual Property Infringement Abatement Insurance
The policy reimburses the litigation expenses for the Insured to enforce patents, trademarks or copyrights against alleged infringers. The coverage also includes reimbursement of expert witness fees, travel, out-of-pocket expenses and the like. The policy responds after notification of a claim and subsequent authorization. The infringement must begin during the initial policy period or subsequent, continuous policy periods.
Intellectual Property Infringement Defense and Indemnification Insurance
This policy reimburses the litigation expenses to defend against charges of intellectual property infringement. The coverage includes reimbursement of expert witness fees, travel, out-of-pocket expenses and the like and indemnification of Damages awarded against the Named Insured (except for fines and penalties, including but not limited to punitive, exemplary, treble or multiple damages). The policy responds after notification of a claim and subsequent authorization of the Litigation. The threat of infringement must occur during the policy period.
The Multi-Peril Intellectual Property Reimbursement Insurance (MPIP):
This policy provides money directly to the policy holder to cover the unexpected loss of an intellectual investment, and most importantly, helps the Insured stay in business. This policy offers first party coverage for loss of Commercial Advantage, Business Interruption and loss resulting from Redesign, Remediation and Reparation Activities. This policy is available as a rider to the Abatement and/or Defense Insurance policy.
UDCI Defense Cost Reimbursement Insurance: