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.

This entry was posted on June 30, 2015 at 11:27 pm. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Posted in Church Risk Church Safety by Scott Stuart Comments Off on What Is Intellectual Property, And Why Should I Be Concerned?