Multi-Peril – First Party Insurance from Intellectual Property Insurance Services Corporation (IPISC)
Intellectual Property Insurance Services Corporation (IPISC) offers a specialized Multi-Peril – First Party Insurance program designed to protect insureds against financial losses stemming from adverse outcomes in intellectual property (IP) litigation. This unique coverage is available as a rider to existing Abatement and/or Defense policies, providing a powerful risk management tool for businesses that depend on patents, trademarks, copyrights, and other forms of IP.
Ideal Accounts and Appetite
This program is a strong fit for companies that actively enforce or defend their intellectual property rights and rely on those IP assets for competitive advantage. Ideal insureds include:
- Technology companies with active patent portfolios
- Product manufacturers with proprietary designs or trademarks
- Pharmaceutical or biotech firms with patent-protected products
- Media and entertainment companies with copyrights to protect
If you have clients engaged in ongoing IP litigation or who face a high risk of IP enforcement actions, this program can provide critical financial protection in the event of unfavorable legal outcomes.
Coverage Highlights and Advantages
The Multi-Peril – First Party Insurance rider provides first-party coverage when the insured loses an IP lawsuit due to specific adverse events. Covered perils include:
- Preliminary Injunctions
- Invalidation or Validation of a patent, trademark, or copyright
- Loss of a civil proceeding
When triggered, the policy can respond to first-party losses related to:
- Business Interruption
- Loss of Commercial Advantage
- Costs of Redesign, Remediation, and Reparations
This coverage is especially valuable for companies that depend on uninterrupted operations or market exclusivity tied to their IP assets.
Underwriting Notes and Minimum Premiums
Coverage is offered through various carriers, with underwriting tailored to the specific IP assets and litigation exposure of each applicant. Minimum premiums vary depending on risk profile and the scope of the underlying policy. Business must be written in conjunction with an existing Abatement and/or Defense policy from IPISC.
Territories and Availability
This program is available in most states, including but not limited to CA, TX, NY, FL, IL, and PA. IPISC provides coverage across 49 states and Washington, D.C., making it accessible to a wide range of insureds nationwide. Admitted status is available in most states.
Why Work With IPISC?
IPISC is a leading Managing General Agency specializing exclusively in intellectual property insurance. With decades of experience and a focus on both litigation defense and enforcement (abatement), IPISC is uniquely positioned to understand the legal and financial risks associated with IP disputes. Their underwriting team brings deep expertise and personalized attention to complex accounts, helping agents secure tailored solutions for IP-rich businesses.
Whether your client is a startup protecting a breakthrough patent or an established brand enforcing a trademark, IPISC’s Multi-Peril – First Party Insurance adds a critical layer of protection to their IP strategy.