Intellectual Property
- Intellectual Property
- Start-ups to businesses with a turnover of up to USD 250m that operate in the following fields:
- Construction, including tools and machinery
- General manufacturing, including components for non-consumer products and machinery
- Professional services - architects and engineers
- Design
- Oil and gas
- Mining and metals
- Business operation software
- Consultants
- Renewable energy
- Automotive
Product Overview
Intellectual Property by PAL Insurance Brokers Canada is designed for businesses that need to protect their ideas, inventions, and creative work. This insurance covers the defence or pursuit of infringement claims, contractual indemnities, loss of intellectual property rights, and loss of profit. It is a practical solution for companies facing the risk of legal disputes over patents, trademarks, or copyrights.
The product is available to start-ups and businesses with a turnover of up to USD 250 million. It serves a wide range of industries, including construction, general manufacturing, professional services, design, oil and gas, mining, business operation software, consulting, renewable energy, and automotive. With a $0 deductible, businesses can manage their risks without extra out-of-pocket costs.
There is no need for a broker contract, making it easy for brokers to offer this coverage to clients across all provinces. This PAL Insurance product is suitable for companies that want to secure their competitive edge and protect their core assets.
About Intellectual Property by PAL Insurance Brokers Canada
This coverage is part of the professional services insurance line. It helps businesses defend their intellectual property and pursue claims when their rights are challenged. The insurance is available in every province, giving businesses across Canada access to this protection.
For more details or to get a quote, brokers can connect the company with the ‘Contact Underwriter for Quote’ option or explore the references on the product page.
Intellectual Property by PAL Insurance Brokers Canada FAQs
What types of businesses are eligible for this product?
Intellectual Property by PAL Insurance Brokers Canada is available to start-ups and businesses with a turnover of up to USD 250 million. Eligible fields include construction, general manufacturing, professional services, design, oil and gas, mining, business operation software, consulting, renewable energy, and automotive.
What does this insurance cover for clients?
This insurance covers the defence or pursuit of infringement claims, contractual indemnities, loss of intellectual property rights, and loss of profit. It helps protect businesses from legal and financial risks tied to intellectual property.
Is there a deductible for Intellectual Property by PAL Insurance Brokers Canada?
There is no deductible for this insurance product. Businesses do not need to pay any out-of-pocket costs before coverage begins.
Which provinces is this coverage available in?
Coverage is available in all provinces across Canada. Businesses anywhere in the country can access Intellectual Property by PAL Insurance Brokers Canada.
Is a broker contract required to offer this PAL Insurance product?
No broker contract is required. Insurance brokers can offer this product to their clients without any extra agreements or paperwork.
What line of business does this insurance fall under?
This insurance falls under the professional services insurance line. It is designed for businesses that rely on intellectual property as a core asset.
How can a business apply for Intellectual Property by PAL Insurance Brokers Canada?
Businesses can apply through their insurance broker or by contacting PAL Insurance Brokers Canada directly. The process is straightforward and does not require a broker contract.
Complete and up to date listings are our highest priority. Our full-time research team keeps our listings accurate and up to date but sometimes changes happen that we haven’t spotted yet. If you see something out of date, click here to open your email client and send us a message!