Intellectual Property (IP) is a collective name for such legal rights as Patents, Trade Marks, Copyrights, Designs and Domain Names. Some of these rights are granted by national bodies such as the United States Patent and Trademark Office (USPTO) after examination and public scrutiny, whereas other rights, such as Copyright is right that is claimed by the creator without prior examination by a government office.

IP Infringement policies are typically triggered as a result of a third party alleging that their intellectual property rights are being infringed by the products and services being manufactured (including the process(es) of manufacture), sold or distributed by the defendant. The third party may be seeking a permanent injunction to prevent further sale of the infringing products; financial compensation (Damages); or more typically both. The defendant does not need to have any patents, for example, to be sued for patent infringement.

Our exclusive policy covers the fees and expenses of the professional advisers needed to defend such allegations as well as the liability the insured is responsible for if found to be at fault. Please reference our brochure, which explains the multiple levels of coverage available for our insureds.

Intellectual Property Infringement Liability Overview
IP Infringement New Business Application