La Playa: Insurance with Intelligence®

Science & Technology

La Playa: Insurance with Intelligence®

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 for your science & technology organisation.

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 Kingdom can easily exceed £250,000 (per side).

You can use our specialist Science & Technology IP insurance to:

  • Defend yourself against allegations of Intellectual Property (IP) infringement
  • Enforce your own Intellectual Property (IP) rights
  • Meet the costs of indemnifying a third party (e.g. customer or distribution partner) where you have a contractual responsibility to indemnify them against IP breach

What if...

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

Intellectual Property (IP) Insurance includes:

  • Cost of defending your IP against infringement claims
  • Cost of pursuing an infringer of your IP
  • Cover wherever your IP is registered, including North America
  • Backing from expert insurers with rock-solid financial strength

Patent infringement can have a devastating impact on a firm’s finances and reputation. So an insurance policy that helps fund legal action against an infringer - or defence of a patent’s validity - adds significant value to your company. Merely having the insurance is itself a powerful deterrent to any potential infringer.

Got a question? We're experts in insuring IP in the science and technology sector. Click here for a free, no-obligation quote.

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Insurance brokers who understand and work with technology companies are a rare breed, to be highly recommended.

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.

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…from an expert who understands you

  • Specialist insurance for science and technology
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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.

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