POLICY TERMS AND CONDITIONS

Policy terms range from one to three years with limits ranging from $250,000 to $10 million or higher. The policyholder’s co-payment is 20 percent when it can demonstrate that a minimum of 2.5 percent of claim limits will remain available. Higher co-payments encourage lower premiums. Damages are covered retroactively to the initial date of infringement activity. New policies could exclude pre-existing infringement threats.

Limitations

The policy may exclude threats or civil proceedings brought during the initial 90 days of the policy. If so, the 90 days are added to the policy. New manufactured products or works can be excluded during the first 90 days of the policy.

Litigation threats that existed before the first date of coverage, including warning letters or emails or verbal threats of infringement may be excluded. The coverage only covers litigation directly relating to IP infringement. The policy does not cover expenses before the beginning of civil litigation or any losses or costs arising from declaratory actions an/or willful acts that cause litigation or criminal acts.