Published on:

Insurance against litigation costs – intellectual property coverage

Several insurance companies offer policies for companies against legal costs and damages that can arise from IP litigation. One broker is Miller Insurance Services Ltd. in London []; another is 2XFR, a service of TPSearchEngine. [] The policies cover defensive and offensive litigation.
I have not encountered a company, let alone a law department, that draws on such insurance. Would the cost of such a policy be borne by the law department? What other kinds of insurance exist for litigation?