Intellectual Property Insurance

Intellectual Property Insurance

Intellectual Property: arguably your most important asset. Don’t leave it exposed, make sure you've got watertight IP insurance.

You wouldn't hesitate to insure your office contents and other assets; it also makes good commercial sense to insure your Intellectual Property against infringement. Without insurance, the financial burden can be tremendous. An average patent law suit in the United Kingdom can easily exceed £250,000 (per side).

You can use Intellectual Property Insurance to:

  • Defend yourself against allegations of IP infringement
  • Enforce your own Intellectual Property rights
  • Meet the costs of indemnifying a third party (e.g. customer or distribution partner) where you have a contractual responsibility to indemnify them against IP breach

What if...

  • A third party accuses you of infringing their patent - do you have £500,000 ready for the defence costs?
  • A third party infringes your patent - do you have the same amount ready to go after them in court?
  • A distributor is accused of IP infringement for distributing your product - and they turn to you to indemnify them?
  • You're breaking into the North American market and a local competitor hits you with a law suit?

Intellectual Property Insurance includes:

  • Cost of defending your IP against infringement claims
  • Cost of pursuing an infringer of your IP
  • Cover wherever your IP is registered, including North America
  • Backing from expert insurers with rock-solid financial strength

Patent infringement can have a devastating impact on a firm’s finances and reputation. So an insurance policy that helps fund legal action against an infringer - or defence of a patent’s validity - adds significant value to your company. Merely having the insurance is itself a powerful deterrent to any potential infringer. 

 

Directors_and_Officers_Liability_film_reel.jpg

“La Playa: Insurance with Intelligence. Passionate. Discerning. Independent.”

 

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

Monthly Payments
Cancel Anytime
Benchmark Us
Quote within 24 hrs

About La Playa Media & Digital

Specialist & Independent

Specialist & Independent

La Playa's specialist Mediatech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your organisation. Our exclusive portfolio policies can help streamline costs, and we’ll always help you stay ahead of the game in managing risk.

In-house IFA

We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof

Advice You Can Trust

…from an expert who understands you

Tech-based business is 24/7, global and borderless, exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.

  • Specialist insurance for media and digital businesses
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across UK and US
     
Photo from Media & Digital
CatherineR155.jpg

Catherine Richardson

ACCOUNT EXECUTIVE

Direct Dial: +44 (0) 1223 200659

Email: catherine.richardson@laplayainsurance.com

Twitter: @LaPlayaAdviser