As with any other valuable property, your intellectual property – original ideas, scientific discoveries, inventions, designs, written material, music, data, software or your unique performance as a performing art are valuable and are vulnerable to being taken by others or inadvertently trespassed upon.
It is too often assumed that by registering an Intellectual Property right there is protection against copying or exploiting by others. This is not so. It is advisable therefore to effect insurance for intellectual property. This will also encourage others to invest in the project and may help attract funding from individuals, financial institutions and venture capitalists.