NAICS UNIVERSITY · Free research for insurance agents
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
NAICS 533110 · United States · 2022 edition
This industry comprises establishments primarily engaged in assigning rights to assets, such as patents, trademarks, brand names, and/or franchise agreements, for which a royalty payment or licensing fee is paid to the asset holder. REAL ESTATE AND RENTAL AND LEASING 453
Start with the work promised to the client.
For Lessors of Nonfinancial Intangible Assets (except Copyrighted Works), clarify the services, contracts and consequences of an error. Review professional liability / e&o, contractual liability, intellectual property defense costs. Confirm which professional activities and additional services the proposed coverage actually addresses.
Questions to ask
- What types of intangible assets are being licensed — patents, trademarks, brand names, franchise agreements, or a combination?
- How many active licensees or franchisees are currently under agreement?
- Are there any indemnification obligations running from the licensor to its licensees in current agreements?
- Has the business experienced any licensing disputes, royalty collection litigation, or challenges to asset validity in the past five years?
- Is the entity structured as a holding company, LLC, or operating entity, and are there external investors or equity partners?
- For franchise operations: does the entity provide ongoing operational support, training, or supervision to franchisees?
- For Lessors of Nonfinancial Intangible Assets (except Copyrighted Works), what should the underwriter know about patent assertion or monetization activity with active or recent litigation history?
- For Lessors of Nonfinancial Intangible Assets (except Copyrighted Works), what should the underwriter know about broad indemnification obligations to licensees in existing agreements?
Activities described by this code
Other activities to examine
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
These businesses primarily earn revenue by licensing the rights to use intangible assets — patents, trademarks, brand names, franchise agreements, and similar intellectual property — in exchange for royalties or licensing fees. Day-to-day operations typically involve contract management, royalty tracking, compliance monitoring of licensees, and in the case of franchise systems, franchisee support and brand enforcement. Physical premises exposure is generally modest; the core business risk is contractual and reputational.
Questions to investigate
- What types of intangible assets are being licensed — patents, trademarks, brand names, franchise agreements, or a combination?
- How many active licensees or franchisees are currently under agreement?
- Are there any indemnification obligations running from the licensor to its licensees in current agreements?
- Has the business experienced any licensing disputes, royalty collection litigation, or challenges to asset validity in the past five years?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.