Intellectual property defense cost reimbursement insurance

{
  "id": "MLC-T-INS-001884",
  "term": "Intellectual property defense cost reimbursement insurance",
  "field": "Insurance and risk management",
  "definition": "A specialized insurance product that covers the legal expenses incurred by a policyholder in defending against claims of intellectual property infringement, such as patent, copyright, or trademark violations. This coverage typically reimburses defense costs, rather than providing indemnity for damages awarded. It protects businesses from the substantial financial burden of litigation related to their creative and proprietary assets.",
  "subject": "Employment Practices Liability",
  "url": "https://mlchart.com/terminology/insurance/intellectual-property-defense-cost-reimbursement-insurance/"
}