Intellectual Property Lawyers Professional Liability Insurance Program

Intellectual Property Lawyers Professional Liability Insurance (IPL) is a specific type of professional liability insurance designed to protect intellectual property lawyers and firms from claims arising from alleged negligence or errors in their work. Intellectual property lawyers specialize in protecting their clients' intellectual property rights, such as patents, trademarks, and copyrights, and face unique risks that require specialized coverage.

IPL policies provide coverage for claims related to legal advice, drafting of legal documents, litigation, and other activities related to intellectual property law. Common claims in this area include allegations of failing to properly advise clients on the scope of their intellectual property rights, errors in drafting patent applications, and disputes related to trademark or copyright infringement.

LPL at Jamison IP Services

• Ranked as one of the top privately held and independent U.S. insurance brokers.
• Leading provider with more than 50 years of experience handling Intellectual Property Lawyers Professional Liability Insurance for firms throughout the United States.
• Highly skilled, dedicated professionals committed to providing insurance and risk management solutions.

CNA

• Rated "A" (Excellent) for financial strength by A.M. Best, and XV for size with over $60 billion in assets.
• More than 50 years of experience insuring attorneys in the private practice of law.
• Largest provider of lawyers professional liability insurance in the U.S. with more than 125,000 attorneys insured.

• Limits of Liability of up to $5,000,000 each claim/annual aggregate, including damages and claim expenses, available to qualified applicants.
• Coverage available to Intellectual Property Law Firms with fewer than 35 attorneys.
• "Claims Made and Reported" form, providing coverage for claims that are first made against you and reported to CNA during the policy period or extended reporting period.
• True Worldwide Coverage regardless of where the claim or suit is brought.
• Prior Acts coverage available to qualified firms.
• Claims will not be settled without the firm's prior written consent.
• 1-year, 2-year, 3-year and 6-year extended reporting period options.
• Automatic 60-day Extended Reporting Period.
• Innocent Insured Coverage.
• Coverage provided for Libel, Slander & Defamation in the rendering of legal services.
• Coverage provided for Disciplinary Proceedings.
• Coverage includes Patent Agents, Independent Contractors and Of Counsel.
• Coverage available for Non-Attorney Patent Agents.
• Risk Management Hotline.

* Policy provisions only briefly highlighted. Please refer to the policy itself for complete details.