What is Intellectual Property Insurance?
Intellectual property (IP) insurance provides coverage for financial losses arising from disputes involving patents, trademarks, copyrights, and other forms of IP. It covers legal expenses and damages that may arise if a third party alleges that you have infringed on their IP, or if you’ve agreed in contract to indemnify another in the event they are sued by a third party as a result of the IP governed by the contract. IP insurance also covers the costs to pursue others that may be infringing on your IP and protects against your loss of future profits and your loss of IP rights.
Why Consider Intellectual Property Insurance
IP insurance is a valuable tool for companies that rely on their IP assets to make them competitive and want protection against potential legal disputes which are typically complicated and expensive to resolve. It’s particularly important for smaller businesses with limited resources as it provides an affordable risk management solution while encouraging businesses to continue innovating and attract investment capital knowing they’ll be protected if a dispute arises.
Valuable tool to protect IP assets against potential legal disputes and enhance theirs competitiveness.
Why Intellectual Property Insurance from Axis Insurance?
Once reserved for companies with significant exposures and deep pockets due to the historically onerous underwriting requirements and high costs associated with placing a new policy, the Intellectual Property (IP) insurance product available through Axis Insurance Managers is the first to target early stage to mature businesses with an affordable solution through an easy, streamlined underwriting process. Most proposals can be turned around in just a few days with as little as four data points.
Coverage Features
IP insurance product available through Axis Insurance Managers is the first to target early stage to mature businesses with an affordable solution through an easy, streamlined underwriting process.
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