What is Intellectual Property?
Intellectual property can be many things created by you or your company. This includes computer programs, logos, inventions, trade secrets, product designs, business plans, or literary and artistic works.
Which insurance protects your intellectual property?
There are different types of insurance policies related to intellectual property rights. Commercial General Liability Insurance provides compensation for intellectual property-related advertising violations such as: B. Accidental copyright or trademark infringement in advertising campaigns. It also discusses customer damages and other common third-party claims. Media liability insurance provides advertising damage protection specifically to publishers and other media and advertising companies. Also known as professional liability insurance, this insurance helps you pay your legal costs if your client sues you for overdue, labor errors, or oversights that have caused financial loss. increase. Cyber liability insurance protects your business from the liability and costs of data theft and loss, security breaches, and data breaches with IP risk. Some insurance companies sell IP insurance backings. B. Accident insurance to protect policyholders from claims of intellectual property rights infringement and reduced enforcement coverage to assist in the execution of injury claims against others.
To protect your intellectual property rights, you may need more than a proper insurance policy. There are additional steps you can take to protect your intellectual property, including: B. Acquisition of copyright and trademark. But before that, you need to make sure that you are the person who actually created the product or idea.