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Intellectual Property Insurance, Infringement of IP - Coggle Diagram
Intellectual Property Insurance
Risk Assessment
Type of IP
Territory
Type of plaintiff
Non-competitor
Competitor
NPE
Sector
Highest claims: Telecommunications, Biotech, medical devices
most vulnerable: e-commerce, consumer electronics, networking technology
Size
Scope of activities
Exposures
Protective measures
Types
Trademarks
Copyrights
Patents
Trade secrets
Background & Reasons for rise in cases
Increasing (almost doubling) number of cases filed in courts
Losses and legal costs can reach 6-8 figure amounts
Doubled number of patents (& copyrights) granted
Misconceptions of firms about risks and plaintiffs
Growing use of trade secrets
Germany largest market in the EU
Secondary patent marketplaces
No or limited coverage through other insurances
General liability* (not offensive and not patent infringement)
Cyber
E&O (does not cover offensive litigation)
Media
D&O* (insures D&Os for their decisions regarding IP)
Market size difficult to identify
Infringement of IP
Passive
Loss through theft
departing employees
IP indemnification obligations
Active/Offensive
Costs to enforce IP