IPISC Launches IP Litigation Coverage for Cyber/Media-Based Tech Companies

November 28, 2012Email ThisPrintNewslettersTweetArticleComments

Louisville, Ky. headquartered Intellectual Property Insurance Services Corporation (IPISC) has launched IP Defense Indemnification Insurance for cyber/media-based technology companies.

The cyber/media-based industry utilizes technologies that pose a significant intellectual property (IP) litigation risk. The industry as a whole is particularly susceptible to non-practicing entities and competitors having the resources and deeper pockets to bring unfounded or frivolous charges of IP infringement.

IPISC offers this IP Defense and Indemnification insurance product to cyber/media-based technology companies, such as digital agencies, advertising agencies, software, website, mobile app providers and the vast number of their end-user customers. The coverage helps protect products and methods against charges of IP infringement by providing the needed funds to get through litigation on the merits of the case.

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Attorneys Discuss Liability Insurance Coverage for Sandy Litigation

December 21, 2012Email ThisPrintNewslettersTweetArticleComments

Homeowners, businesses, and municipalities in the tri-state area continue to rebuild and rebound from Superstorm Sandy.

Often, large-scale devastation and destruction are followed by lawsuits against individuals and entities allegedly responsible for protecting, managing, and maintaining the damaged buildings. A handful of such lawsuits have been recently filed in New York City on behalf of residents of large residential buildings.

If these suits are predictive of future legal actions, individuals and entities charged with protecting and managing damaged buildings can anticipate lawsuits claiming monetary damages caused by inadequate preventative measures before Sandy, and insufficient recovery measures thereafter.

Additional allegations pled in these initial suits include negligence, permitting unlawful entry into residential buildings, and failing to mitigate damages.

These recent lawsuits and expected future lawsuits are reminders of the significant alleged liabilities that building owners, real estate development and management companies, and volunteer condominium and cooperative board members face in Sandy’s aftermath.

Even if Sandy-related lawsuits are ultimately unmeritorious, potential defendants likely will incur significant legal fees disproving their liability.

For those businesses facing potential liability from negligence and breached duties claims, liability insurance may be an important asset to help offset defense costs and settlement or judgment payments.

CGL Coverage for Defense and Indemnification of Businesses and Municipalities

Businesses and boards facing even completely groundless allegations made in suits seeking damages for acts or inaction leading up to and after Sandy should look for protection to their liability insurance policies.

Businesses frequently purchase Comprehensive General Liability (

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