Intellectual Property Insurance
Insurance policies to help you protect the value of your Intellectual Property.
Cover for patents, trademarks, design rights, copyright, and confidential information.
We offer a range of Intellectual Property insurance options for small start-ups right through to larger corporations.
Intellectual Property (IP) encompasses a number of different rights which businesses or individuals possess. They have value legally, and can be bought, sold or licensed to others.
The main IP rights are Patents, Trademarks, Design Rights, Copyright and Confidential Information (including Trade Secrets).
Many companies cannot afford to bring or defend an IP action, as it is widely considered that IP litigation is the most expensive form of litigation someone can conduct (for example the cost of an IP action in the High Court is generally in excess of £350,000).
Albion Legal offers a range of Intellectual Property insurance solutions which can protect even the smallest new start-up. More comprehensive protection is available for SME clients with a varied IP portfolio, and sophisticated programmes can be arranged for larger companies.
Types of cover:
Opinion Only Policy
This is the most cost efficient option specifically designed for new start-up firms. Clients can insure up to two IP rights (e.g. a patent and trade mark) and if they potentially infringed another party inadvertently, or if a competitor has potentially infringed their IP through their actions, they may obtain a full IP legal opinion. The IP opinion then allows the client to make an informed decision as to what action to take.
IP legal expenses cover (for both pursuit and defence
This option provides a much more substantial solution, and will pay the legal costs of bringing an IP action against a competitor, or for a client to defend an IP action brought against them.
Comprehensive IP package solution (for both pursuit and defence costs, and damages awards)
This is a high-level protection option, which provides sophisticated IP risk transfer to the insurance market, and ensures that clients can survive when an IP damages award is made against them, as well as enabling them to bring an IP action against a competitor.
For more information about Intellectual Property Insurance for law firms, get in touch today.
- Independent IP advice and guidance
- Wide range of tailored IP insurance policies
- Cover for patents, trademarks, copyright and trade secrets
- Three tiers of cover for start-ups, SMEs or larger corporates
- Cover available for all products and services
- Business continuity cover during infringement action
- Standard worldwide cover
- Solicitor Professional Indemnity insurance
Why offer this policy to your clients?
Our Intellectual Property Insurance also features the following benefits:
Independent advice and access to a wide range of insurance policies
Protects the value of your Intellectual Property
Business continuity during infringement action
Comprehensive cover available for all intellectual property, including patents, trademarks, copyright and trade secrets
Tailor made policies to suit your requirements
Can cover all products and services of the insured
Worldwide cover as standard
Who we've helped
How we can help your law firm
Albion Legal's employment law services are designed specifically around your business model or those of your clients. Our reputation for service quality and delivery has enabled us to build on our specialised 'solicitor support' products, with law firms turning to us to transform their business and improve their bottom line.