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Intellectual Property Insurance covers litigation expenses incurred
when enforcing or defending intellectual property (patents, trademarks, or
copyrights) rights. Your intellectual property is a valuable asset. Every act
of infringement lowers its value and can render it worthless. Your patent can
be attacked and possibly invalidated, thus rendering it worthless. It's up to
you to enforce and defend it. If you choose not to, however, your intellectual
property rights will be abandoned and possibly lost forever.
Intellectual Property Insurance covers litigation expenses incurred when enforcing or defending
intellectual property (patents, trademarks, or copyrights) rights. Intellectual property
litigation is one of the most expensive forms of litigation, and without a six-figure legal
expense fund, your patent rights could be lost forever in a court of law. Many companies and
entrepreneurs think their general liability insurance policy will cover them if such a
defense is necessary. But most general liability policies are carefully written to exclude
infringement defense.
Infringement Abatement Insurance:
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Reimburses you for your litigation expense when you
elect to enforce your patents/trademarks/copyrights against an alleged wrongdoer
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Pays your legal costs when your intellectual property is
challenged by a countersuit for invalidity in an infringement suit
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Infringement Defense Cost Reimbursement Insurance:
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Reimburses you for your legal expenses when you must defend
yourself against lawsuits brought in the U.S. for
patent/trademark/copyright infringement
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Reimburses your legal costs when you assert invalidity as
a defense to a charge of patent/trademark/copyright infringement
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Reimburses the cost of reexamination proceedings initiated
by you as a defense strategy arising out of a lawsuit for patent infringement
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We offer two coverages:
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Infringement Abatement Insurance: Covers litigation expenses
incurred in enforcing the intellectual property rights against infringers up
to the policy limit.
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Infringement Defense Cost Reimbursement Insurance: Reimburses legal
expenses incurred when defending against an intellectual property infringement lawsuit.
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