For many businesses, much of their value lies in what makes them unique. That’s why we believe it’s vitally important to protect the patents, trade marks, copyrights, and other intellectual property that makes your business competitive and successful. Our intellectual property policy covers the defence of intellectual property infringement claims, which can be catastrophic for any business.
Coverage highlights
Patent and IP infringement liability
Our policy covers the defence of patent and all other IP infringement claims being brought against you, including legal costs, damages, settlements and counterclaims.
Contractual indemnities cover
This vital cover enables business by allowing smaller companies to agree and meet the contractual indemnities required by their customers.
Exceptional service levels
Obtaining IP cover has traditionally been a lengthy and time-consuming process. Our experienced team, however, aim to quote and bind policies within 3 business days as long as we have all the information we need.
Additional coverage available Pursuit of infringers
Companies spend a great deal of time, energy and money developing their intellectual property. We believe that this significant investment should be protected and therefore offer cover for the costs associated with enforcing rights if someone infringes a valid right and it has a commercial impact.
Loss of profit cover
Cover for loss of profits can be critical for small and medium-sized businesses with only a single or a small handful of product lines. In the event that you lose an infringement case and it results in an injunction against you, this policy can cover for your resulting loss of profits for up to 12 months.
Loss of IP right cover
Investment in intellectual property costs a great deal. If a right is invalidated as a consequence of infringement action, this policy can repay that investment allowing your company to move onto the next project.