Umbrella insurance is a type of liability insurance. Most types of liability insurance cover specific risks, such as those associated with your property or when you are operating a vehicle. Umbrella insurance differs in that it extends your coverage to protect against a broader range of risks. That includes unintentional copyright infringement in some cases.
As you think about protecting your business or your personal interests, our team at MTC Insurance Agency Group can help you. We offer umbrella insurance for those in University Place to meet most needs.
Umbrella Insurance for Copyright Infringement Claims
A copyright infringement may occur when someone believes you used their copyrighted slogan, trademark, or other type of mark for financial gain without actually having the right to do so. This is a type of advertising injury, or it may fall under your policy’s personal and advertising injury clause.
This type of coverage helps you pay for your defense in such claims. That includes paying for the claim outright if applicable and necessary. The insurance policy also covers the cost of your legal defense against these claims. In situations where the claim goes to court, it becomes critical for you to have this protection. Your umbrella insurance will cover the settlement issued against you up to the limit of the coverage you have in place. Depending on the claim, this could be critical to financial stability.
Let Us Help You Protect Your Business
If you may face claims of unintentional copyright infringement, our team can help you put the proper insurance in place. When it’s time to increase your protection, turn to MTC Insurance Agency Group, serving University Place, WA, for help adding an umbrella insurance policy.
