What is Intellectual Property Insurance?

 

Intellectual Property Insurance covers your business for the legal cost of pursuing infringement or theft of your Intellectual Property. It can also pay to defend you against allegations of infringement.

 

The main categories of cover are:

• patents
• design rights
• trade marks
• copyright
• licence protection
• passing off

 

How can Intellectual Property Insurance benefit my company?

 

It is often expensive to bring any claim for losses or damages caused, as a result of another party having infringed on your Intellectual Property rights. It can often be a complex and specialist field and thus the need to have access to the necessary funds to afford the best expertise, should be a choice available to you.

 

IP insurance, is there to protect you in the event a competitor steals your business model, designs, applications or ideas. Equally it can provide cover if a licensee strays beyond the limits of their licence or if a new competitor makes a legal challenge against what you thought was rightfully yours.

 

IP insurance can be bought on an annual basis to protect your company, in the event of a claim coming about in the future. This can be very cost effective when comparing to the requirement of needing an IP (After the event) insurance policy, to cover the costs of an ‘actual claim’ to be pursued. For this type of cover please refer to our After the Event insurance section.

 

Cover can be obtained up to £10M levels of indemnity and can cover UK or worldwide cover.

 

Click below to download

 

Intellectual Property Rights pdf.

 

For further details on this product, please contact us via email or telephone.