Intellectual property insurance
In the same way that you take out insurance on your physical property, such as your business premises, it is possible to take out insurance on your intellectual property (IP). IP insurance can help cover your legal costs should you need to take enforcement action. It can also act as a deterrent to potential infringers.
There are a number of companies who offer IP insurance and you should seek advice from your patent or trade mark attorney. Negotiating with an insurance company may mean disclosing your IP and you should consider the need for a non-disclosure or confidentiality agreement.
