What Does Intellectual Property Insurance from Risklytics Cover?

Risklytics Insurance Services is a licensed insurance producer (NPN 22311838) that places Risklytics Intellectual Property Insurance with outside carriers; it says it does not underwrite policies itself. ²Company-reportedAbout page; describes Risklytics' brokerage model generally, restated for this line.

Risklytics does not name the carrier that underwrites Risklytics Intellectual Property Insurance on its site. It says it places business with specialist insurers willing to write robotics, autonomy and AI risk; the issuing carrier appears on the bound policy. ^1,2Company-reportedLines page and about page; no specific insurer is published for this line.

Risklytics says buyers typically need this coverage at their first filed patent or the first contract requiring them to cover a customer's IP claims, and that enterprise contracts with an IP indemnity clause require it; it adds that companies without patents can still need the line because trademarks, copyrighted code and trade secrets count too. ¹Company-reportedLines page.

Risklytics describes this line as paying legal costs on both sides of an IP dispute: defending a claim that the company's product infringes someone else's patent, trademark or copyright, and pursuing an infringer of its own IP, and distinguishes it from cyber liability, which would answer source code stolen in a breach rather than an infringement claim. ¹Company-reportedLines page; the issued policy and declarations control actual coverage.

Risklytics lists a typical ask of $250,000 to $5 million per claim for this line. ¹Company-reportedLines page; actual limits are set on the bound policy.

Risklytics says only a short list of insurers write this line and that they require every patent filing and indemnity obligation to be listed before placement. ¹Company-reportedLines page.

You start Risklytics Intellectual Property Insurance through Risklytics' online application. Risklytics says there is no broker fee on top of the premium and a licensed producer stays on the file until the program binds; its commission is paid by the carrier out of the premium either way. ^2,3Company-reportedPricing page describes the general application and fee process, not a line-specific form.