Intellectual Property (IP) Insurance

Intellectual Property (IP) Insurance

Intellectual Property Insurance: vital protection for what is arguably your most important asset. Don’t leave your IP 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 States can easily exceed $300,000 (per side).

You can use IP insurance to:

  • Defend yourself against allegations of IP infringement
  • Meet the costs of indemnifying a third party (e.g. customer or distribution partner) where your contract requires it

What if...

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

Intellectual Property Insurance includes:

  • Cost of defending your IP against infringement claims
  • Coverage wherever your IP is registered
  • Backing from expert carriers with rock-solid financial strength

Download: Science & Technology Brochure PDF Document

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An innovative leader in providing insurance solutions to technology businesses.

Michael B, Venture Capitalist

 

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You can call us to talk more about your business on +1 646 665 7737

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About La Playa Science & Technology

Specialist & Independent

Specialist & Independent

La Playa's specialist Science & Tech 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 business. 

Advice You Can Trust

…from an expert who understands you

Tech-based business is 24/7, global and borderless, always 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 science and technology
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across US and UK
     
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Elaine Lamb

DIRECTOR, LA PLAYA INTERNATIONAL

Direct Dial: 646 583 1574 or +44 (0) 20 3865 0149

Mobile: 646 665 7737

Email: elaine.lamb@laplayainsurance.com

Twitter: @EREDINGTON

+1 646 665 7737
+44 (0) 20 3865 0149
+44 (0) 1223 200650