Which insurance coverage covers claims related to intellectual property or chain of title?

• A. Bodily injuries
• B. Weather damage
• C. Errors and Omissions (E&O) for IP or chain of title
• D. Vehicle accidents

Answer: (C)

Errors and Omissions insurance for IP or chain of title protects against claims that arise from mistakes or failures in providing professional services related to intellectual property and ownership history. In entertainment practice, this means if a producer, attorney, or rights broker misrepresents IP ownership, fails to clear necessary licenses, or makes an error in documenting the chain of title, a claimant can sue for infringement or financial losses. This coverage kicks in to defend against such claims and to cover settlements or judgments up to the policy limits, including defense costs. It’s not about physical harm, property damage, or vehicle incidents, which fall under different types of coverage. Bodily injuries, weather damage, and vehicle accidents are addressed by other lines of insurance and do not protect IP or chain-of-title disputes.