Intellectual
Property
Insurance

There are several benefits to holding IP insurance:

It can protect cash-flow. IP insurance can ensure that your dispute, and particularly litigation, does not tie up capital and time which you could use to grow the business.

If you’re looking for third party Investment, you may often find that whoever is lending you the money will want some Intellectual Property protection to be in place first to prevent another entity stealing your concept, brand or idea and patenting it themselves.

It will allow your IP to be used as collateral and can add value. Insurance can reassure lenders and investors that the value will not be lost because you cannot fight infringers or invalidity challenges. Potential licensees will also know that you can take legal action if necessary and will be indemnified if required.

It can provide a deterrent. IP insurance can give you the power to take action to enforce your rights where your financial position might not otherwise allow it. If a potential infringer knows that your insurance will cover making a claim, then it may be less likely to infringe or more likely to stop when challenged. Some insurers are happy for you to confirm in marketing literature or on websites that your IP is insured, alerting competitors that insurance is in place.

Should you need to make a claim, make Prizm Solutions your first port of call. As your broker, we are here to help. If your call is out of hours, all insurers operate 24/7 claims lines, and we’ll inform you of these when you take out the policy.