All too often we insure for the risks which we can foresee or just see, buildings etc. But what we sometimes don’t consider are the intangible assets you cannot see but which form a huge part of your business, we are talking about Intellectual Property (IP). IP ranges from copyrights to patents, trademarks, industrial designs and even trade secrets, each of these vital in the running of your business and worth protecting. IP Insurance covers companies for the legal costs associated with pursuing infringement or theft of IP, it also covers legal defence costs if you are accused of IP infringement or theft.
If you would like to understand more about how to protect your IP, the costs your business could face if you don’t protect your IP as well as how you can reduce your risk please click here or feel free to contact us to discuss further.
Source: One Affiniti