Grow with confidence.
Our Full Members get access to base IP liability insurance. It helps you cover the costs of infringement claims, enforcement actions and contractual indemnity.
Our Full Members get access to base IP liability insurance. It helps you cover the costs of infringement claims, enforcement actions and contractual indemnity.
IP infringement liability can be a risk for any company, whether they own patents or not. IP insurance gives you the financial backing to defend your position, pursue your rights, and build greater confidence with partners and investors.
Our coverage also supports contractual indemnity obligations, which gives your partners peace of mind when licensing or relying on your IP.
Insurance gives members the backing to enforce their rights and keep building without fear of costly disputes.
Our base IP liability insurance gives eligible* Full Members access to:
*Eligibility is subject to insurer approval, and requires Full Membership in good standing.
IAC, working in partnership with brokers, provides full members access to a base IP liability insurance coverage with $1M in defensive coverage and $1M in enforcement coverage over a 12-month policy period. Members have the option to apply for coverage when they join IAC. IP insurance can be used to cover unexpected costs related to contract indemnification, infringement of third-party IP, and enforcing your IP rights against infringement.
IP insurance helps smaller firms like startups and scaleups fight competitor lawsuits. According to a litigation trend report by AON, litigation has risen consistently since 2019, judgment severity continues to increase, and litigation from non-practicing entities is rising. The largest number of litigations comes from the technology industry.
IP liability insurance is a type of coverage that helps companies address the risk associated with claims of intellectual property (IP) infringement. IP infringement liability can be a significant risk for any company that offers products or services, regardless of whether they own patents themselves. Costs associated with patent infringement defense can easily reach upwards of $1 million. IP liability insurance can also cover policy holders for costs associated with the enforcement of IP owners’ IP rights and provides the financial resources to pursue infringement claims against others.
Join us as a Full Member to defend your rights, strengthen your partnerships and grow with confidence.