| | Most software licensing agreements contain clauses regarding intellectual property infringement, usually indemnifying the client for any IP infringement complaints. Rarely are these clauses supported by insurance, which is important to understand should problems occur. |
| | Read more about how to recognize IP areas that should be reviewed by professionals |
| |
| | As a technology based company, knowing you have
developed state of the art products, you aggressively pursue
selling a service contract to that large corporation you know
badly needs your services. Required
limits of liability usually follow, with specifics of coverage
and "Additional Insured" status requirements. What do you do? |
| | Read more about patent infringement |
| |
| | Only specialty markets and programs offer coverage
for many intellectual property perils. |
| | Read
more about insuring intellectual property |
| |
| | Your attorney reviews all of your contracts, customarily
asking you to send the insurance portions to us for review.
Our habit is to comment on each clause and section, advising
our clients what is covered and what is not covered under
their current policy. After 20 years of business we also have
a good sense of what is reasonably asked of you under any
contract and what conditions you may be able to negotiate
away. |
| | Read
more about contracts and your insurance |
| |
| | A new product, underwritten by USF&G, offers
technology Design Errors & Omissions Liability Insurance
with annual premium rates starting at $2,500. Call us for
details. |
| |
| | You may have more than a theoretical interest in
intellectual property because you probably have one or more
technology contracts adddressing your IP obligations to a
client, partner, or vendor. |
| | Read
more about infringement insurance coverage |
| | PDF |
