What
is it?
Intellectual
property, like any other asset, needs
protection. The risk to intellectual
property is not damage or loss but infringement.
Insurance
Choice recognises the need for specialists
who understand the complexities and
issues involved in insuring intellectual
property rights. We are actively involved
in the placement of and innovation to
intellectual property rights insurance
through underwriters in the London insurance
market.
Our partner specialists work closely
with patent and trademark attorneys,
intellectual property lawyers and various
bodies representing the interests of
intellectual property holders. Our expertise
enables us to arrange insurance policies
that provide a powerful deterrent to
potential infringers.
The 1995 Trade Marks Act recognises
that Intellectual Property holders have
rights and IP Sure provides a means
to utilise the myriad of legal options
available to uphold their rights.
We believe that the financial credibility
of Registered Intellectual Property
holders can be strengthened in the eyes
of investors. And, investors can be
more likely to support commercial development
when they know steps have been taken
to protect their investment. |
The
cover
Intellectual
Property Rights Insurance indemnifies
you for legal expenses arising from
any of the coverages set out below:
|
- Enforcing and protecting your
intellectual property rights.
- Defending your position against
your alleged infringement of another
person’s intellectual property
rights.
- Enforcing and protecting your
licence and other similar agreements.
- Damages cover.
|
Special
features
In
addition to providing financial credibility
to investors and financiers, the policy
offers the following benefits: |
- Deterrent effect
- Financial forecasting
- Security for
costs
|
Claims
Management
IP
Sure allows the insured to appoint their
own solicitor to manage a claim. |
Limit
Cover can be
arranged for limits of insurance from
$100,000 up to $40,000,000 depending
on the nature of the transaction and
insurer’s capacity. |
Excess
There is typically
a policy excess or co-insurance requirement. |
Limitations
There are standard policy exceptions.
However these are kept to the minimum.
|
