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05 Form Sample Trade Secret Policy with Employee,

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how does the insurance work Crown Jewel protector is a first-party trade secret policy that's intended to work like a combination of a cyber and property policy it covers the cost to investigate the cost to attempt recovery and to seek injunctive relief against the person or entity that has stolen your Trade Secrets whether a hacker foreign employee or contractor and it indemnifies the insured for the pre-agreed value of the trade secret assets including the cost to develop and the future potential earnings or savings derived from that asset once an insured has been made whole we may pursue enforcement litigation to both recapture the money paid out under the policy plus exemplary or multiple damages which are meant to punish the misappropriating party offensive misappropriation claims cost on average $4.2 million to litigate and take 2.7 years to complete Crown Jewel protector covers all of these expenses of first in the [Music] industry

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