Trademark & Patent Infringement Insurance

To ensure the success of your business, you must protect your intellectual property. Many business owners seek to do this by registering for trademark protection for their various brands, as well as patent protection for their proprietary inventions and processes. When these valuable assets are at risk due to infringement, it puts an entire business at risk.

Our team of licensed experts can help you put the necessary protections in place to ensure that your intellectual property remains yours alone.

What is trademark insurance?

Trademark insurance is additional coverage you can add to your business owner’s policy (BOP) that protects against the various risks involved in protecting and defending a trademark. This insurance is useful for businesses that invest in protecting their trademarks and copyrights.

What is Patent Insurance?

Insurance for patent infringement protects your business by providing coverage for costs associated with enforcing or defending a patent infringement suit. These costs could include attorney’s fees, court costs, and any damages awarded by the court if you are successful in your suit.

This insurance is useful to companies who own or use patents in the course of business, especially when they are defending themselves against infringement suits.

What is intellectual property?

Intellectual property is any product of creative thought that has commercial value. This can include patents, trademarks, and copyrights. In addition, trade secrets are also considered intellectual property.

What intellectual property can be insured?

Any business with an inventory of valuable intellectual property can insure it. This would include trademarks, copyrights, patents, trade secrets, and company names. What makes you unique can be insured.

What does trademark & patent infringement insurance cover?

Trademark and patent insurance may provide coverage for the costs of filing an infringement claim, including legal fees and court costs. It may also include payments associated with a licensing agreement or settlement of an infringement dispute.

Our experts can help you create a custom-tailored policy that will provide comprehensive trademark and patent infringement coverage including:

• Intellectual Property insurance coverage to protect against claims falling outside of the scope of “advertising injuries.”
• “Defense” coverage covers the legal costs of defense of an intellectual property infringement suit and any resulting settlement or judgments.
• “Enforcement” coverage is designed to help policyholders in pursuing those who infringe.

What are the benefits of trademark & patent infringement insurance?

The benefits of trademark and patent infringement insurance are many. Strong trademarks and patents are the foundation of every business, providing their value to your company in terms of brand recognition.

Trademark infringement issues can arise when you least expect them. That’s why it is important to have the right coverage in place that will protect against potential intellectual property infringements.

Having this insurance can be beneficial in helping to prevent the infringement of your trademark and subsequent loss of both time and money. If an individual or business is found to have willfully infringed upon your trademark or patent, the insurance policy may also cover damages that you would otherwise be forced to pay.

Why should I have my business insured for intellectual property loss?

Trademark infringement lawsuits happen every day, even with major companies such as Coca-Cola and Google. In order to avoid these suits and stay protected, you need the right insurance coverage in place to protect you. It is also important to work with a company that understands your specific needs.

At Vanasek Insurance, we work with small businesses to help identify potential problem areas and fit them with the right coverage at affordable rates. For us, this is more than just an insurance policy; it is ensuring that our clients are protected in any situation that may arise.

How can I protect my intellectual property?

The best way to protect your intellectual property is to take the proper steps in registering your trademark or patent and get the right insurance coverage. While this process does cost money at times, it will help you avoid problems down the road by helping to ensure that no one else has rights to your trademark or patent and that you are protected should you require to defend your intellectual property.

Schedule a Free Consultation:

You can give us a call or schedule a free, no-obligation consultation for your business. Book an appointment with a trademark & patent infringement insurance expert at your earliest convenience now.

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If you’re looking to purchase coverage for any other type of asset (such as a vehicle, health, or property insurance), we can help in that category too! We work with all kinds of clients and are happy to take you on as a valued customer.

We look forward to hearing from you soon!