| Product Line: |
Professional Liability |
| Class: |
Professional Liability - Patent Infringement [Defense] and Patent Abatement [Offense] |
| Program Manager: |
Intellectual Property Insurance Services Corporation ("IPISC") |
|
| Contact: |
Sam Lard or program manager IPISC |
| Coverage: |
Coverage for small and mid-market companies to protect their intellectual property from allegations of infringement and provide them with litigation expenses to pursue infringers. |
| Geography: |
Worldwide for U.S.-based I.P. (such as a U.S. patent) |
| Issuing Company: |
Gotham Insurance Company |
| Capacity: |
Maximum limits are $5 million |
| Term: |
Multi-year policies are available. |
| What it covers: |
Offensive ("abatement") coverage provides funds to protect their patents, trademarks, and copyrights
Defensive ("infringement") coverage provides coverage for policyholders accused of infringing others’ intellectual property
Coverage can be created for individual intellectual property, such as a single patent or even patent claim, or as broad as an entire intellectual property portfolio
|
| Optional coverage: |
Trademarks
Copyrights |
| Typical Insureds: |
Small Inventors
Small- and Medium-Market Companies (generally under $150m annual revenues) |
This program is available exclusively through our program managers, Intellectual Property Insurance Services Corporation (IPISC). For more information, please contact them here.
Underwriters