IP Insurance

IP-specific insurance is available. Various providers offers policies to cover the costs of defending against a frivolous IP claim. For the right premiums, they will also provide coverage for inadvertent infringement, even if the claim is not frivolous. Policies are also available to fund an attack on an infringer of one’s own IP. Such offensive (“abatement”) policies are typically provided on a product by product basis or on the basis of which intellectual property or intellectual properties the insured might wish to enforce. In the right circumstances such policies can provide peace of mind in the face of potentially larger and more aggressive competitors. Your insurance broker should be able to assist you in identifying suitable insurance providers, but if not we can put you in touch with knowledgeable brokers.