What Is Intellectual Property, And Why Should I Be Concerned?

Business concept: Risk on Paper background

Helping Your Church Manage Risk

Intellectual property insurance protects your church in litigation involving allegations of infringement of another rights, trademark, copyright, or property. Intellectual property can be defined as the creation of ideas, procedures, content, literary work, or even musical compositions.

Common Intellectual Property Right Claims

  • Patents and design rights
  • Copyright
  • Using licensed property
  • Trade marks
  • Business design
  • Use of music

Recently, claims have come from employees who have developed and designed church applications without compensation.

Most Intellectual Property insurance policies will provide defense cost reimbursement coverage. Every church has insurance for fire, collision, and slip and fall accidents. However, those same companies usually do not have coverage for intellectual property infringement.

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