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Management Liability policies often exclude coverage for suits based on allegations of intellectual property infringement. Accordingly, it makes sense to consider additional coverage specifically designed for this exposure. Consider the following coverage features:
- Damages and defense costs for IP infringement actions (including patent)
- Worldwide cover available
- $10m aggregate Limits of Indemnity
- Claims Made and reported form
- Optional extension for Contractual Indemnities to customers and distributors
- Optional extension for Directors & Officers
- Optional extension for Extended Reporting Period
- Optional extension for Open Source matters
- Optional extension for Trade Secret matters
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