- Insurance for Intellectual Property Rights including Patent
IP is one of your most valuable assets and protecting those assets against third party infringement can be expensive. Similarly when it comes to protecting yourself against claims from others that you have infringed on their patents, trademarks of other forms of IP.
An insurance policy can protect you in the following ways:
- Can include cover for defence and pursuit of infringement claims including claims including contractual obligations to indemnify others for infringement claims.
- Pays the loss of profits for a period if you have to stop selling a product due to infringement.
- If a right is lost through an action, the money invested in obtaining and maintaining that right is recovered under the policy.
Policies can be tailored to meet your needs, for example you may require defensive cover only.