Designed with small and medium-sized businesses in mind, our intellectual property policy is designed to protect those things which make your business unique. Some of the key features of this product are listed below:
Our policy covers costs associated with patent infringement claims being brought against you, including legal costs, damages, settlements and counterclaims.
Contractual Indemnities Cover
This vital cover for contractual indemnities enables business by allowing smaller companies to sign up to contracts with larger customers and meet their high demands.
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 cover the costs associated with enforcing rights if someone infringes.
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 will provide 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 investment.
No one wants to read 100 pages of incoherent insurance jargon. That’s why our intellectual property policy wording is clear and concise, so you know exactly what’s covered. Although it is less than 10 pages long, you can rest assured that it offers some of the broadest and most robust cover on the market.
Exceptional Service Levels
Obtaining IP cover has traditionally been a lengthy and time-consuming process. Our experienced team, however, are able to quote and bind policies instantaneously as long as we have all the information we need.
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