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Intellectual Property Infringement Insurance
About IP Insurance About IP Insurance Defense Reimbursement Defense Reimbursement Infringement Enforcement Infringement Enforcement Request a Quotation Request a Quotation

Intellectual Property Insurance Services Corporation
(IPISC)

IPISC is a complete intellectual property (IP) service firm, focusing mainly upon insurance products relating to the legal enforcement of intellectual property rights.

IPISC has over ten years experience in underwriting intellectual property insurance risks, making it the most experienced in the field. IPISC serves clients ranging from Fortune 500 companies to individual inventors.

Your ability to defend yourself in patent infringement lawsuits may be the key to your company's survival. Every lawsuit charging infringement must be taken very seriously and defended to the utmost no matter how frivolous the suit may be.

The alternatives available to you for dealing with infringement are as follows:

  • Abandon your accused products.
  • Attempt to obtain a license from the accuser from a position of financial weakness.
  • Defend yourself from your cash reserves and available credit lines.

The first two alternatives are not acceptable as they may result in you having to capitulate to an aggressive accuser or incur a burdensome royalty payment. Insurance is the best vehicle for defending a patent infringement suit.

IPISC offers the power of two IP insurance products to meet you needs, from single properties to your entire intangible asset portfolio:

1) You want a Infringement Defense Cost Reimbursement Insurance policy to help offset the incredible costs of defending against an infringement claim.

  • Defense Cost Reimbursement reimburses your legal costs when you assert patent invalidity as a defense to a charge of patent infringement.
  • The policy will reimburse the cost of reexamination proceedings initiated by the Insured as a defense strategy arising out of a lawsuit for patent infringement.

2) You want a policy for Infringement Enforcement (Abatement) Insurance to offset your LITIGATION EXPENSE when you elect to enforce your patents, trademarks or copyrights (intellectual property) against an Alleged Wrongdoer.

  • Infringement Abatement Insurance pays your legal costs when your intellectual property is challenged by a countersuit for invalidity in an infringement suit.
  • The policy can be written to cover US and foreign patents, copyrights and trademarks as well as patent or trademark applications including provisional patent applications.

See the details of the Defense and Enforcement policies on the accompanying pages.

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