Intellectual Property Insurance coverage protects companies for copyright, trademark or patent infringement claims arising out of the company’s operation. It pays the defence costs and any judgement up to the policy limits.
You use another brand name or image in your marketing material, but did not ask the original owner of the brand for permission you could be subject to an infringement claim.
A competitor can financially wreck your company if you do not have the funds to hire a solicitor and pay the cost of all the legal fees associated with defending your right to a patent or trademark. An Intellectual Property policy will pay the costs to defend you if someone tries to claim the rights to the same business model, process, or application. More than ever before, intellectual property claims involving infringement of patent, copyright and trademark are being filed and litigated at a tremendous cost to both parties.
Just give our expert advisors a call. We will go through the information required by our insurers, and answer any questions you may have about your cover. We may ask you to complete a short proposal form if necessary.
Once we have the information from you we will approach our partner insurers to obtain the most competitive quotation with the widest cover. Each of our clients have different requirements in terms of time so however urgent it is we will work with you to meet deadlines.