Trade Secret Insurance

Trade secrets have become the fastest growing and most critical intellectual property asset category that garners specific protections under the law, yet there has been little emphasis on protecting those assets in a meaningful way, either by the corporations that own those assets or by the insurance industry. Finding a way to identify, value, and mitigate trade secret misappropriation risk so that insurance can be offered has been an albatross in the market for years. We solved it.

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Crown Jewel Insurance™ has created a ground-breaking policy wording and insurance line-slip that specifically offers agreed value, first party coverage for misappropriation of trade secrets. In support of this insurance offering, we combined the experience of some of the foremost subject matter experts in this niche area including IP asset valuation, IT threat and security services, forensics, and legal enforcement to provide a full suite of trade secret risk management services to our clients and their brokers.

The entire offering, called Crown Jewel® Protector, includes both pre and post loss Trade Secret Asset Risk Management (TSARM) services. These services are used as both critical tools for underwriting and improving an Insured’s risk management maturity against misappropriation or theft of their “crown jewels”. This coverage could be THE most valuable tool in your risk management arsenal, protecting the company’s key differentiators (e.g. formulas, designs, processes, even “negative know-how”) from adversaries, both foreign and domestic, while supporting creativity, innovation, and entrepreneurship. The underwriting process alone will make the vast majority of corporations much better prepared to protect and defend these extremely valuable assets.

Who needs this coverage?

In addition to these listed, VC and PE Portfolio companies are ideal candidates because this is the first and only insurance designed to cover the value of the innovation assets that provide the underlying value for investors and lenders. See more in our blog post here.

Target Industries: Any industry that is innovative by nature. These include: Manufacturing, Chemicals, Green Energy, Logistics/Supply Chain, Technology, Defense, Aviation/Aerospace, Tech/software and Life Sciences.

Excluded Classes: Gambling, social media, adult entertainment. There are also a number of excluded assets, please contact us for more information.