Intellectual Property Business Coverage
This optional expanded coverage for patent and trademark agents will satisfy the insurance requirements set by the College of Patent and Trademark Agents (CPATA).
This coverage is available to LAWPRO insureds who are regulated by CPATA and require broader coverage than the base LAWPRO policy provides.
Specifically, the “Intellectual Property Business Coverage” endorsement (No. 15 of the Policy), provides coverage for extra-jurisdictional services (services with respect to another country and subject to laws that are not the law of Canada, its Provinces, or Territories). Standard LAWPRO policies without this endorsement do not provide such coverage for “extra-jurisdictional services.”
The coverage limit for this endorsement is within the program’s standard limits, of $1 million per claim/$2 million in the aggregate per policy period, applicable to claim expenses, indemnity payments and/or costs of repairs together. The premium surcharge for this endorsement is $2,000 annually per insured.