Intellectual Property (IP) often forms the bedrock of the modern technology business, the critical component upon which the organisation depends for its funding and revenue streams – and which in turn influences all key strategic decisions.
So in the same way that you wouldn't hesitate to insure your physical assets, it also makes good commercial sense to insure the risks to your intangible assets.
Whether it’s pursuing an infringer of your IP, or defending an allegation brought against you, the legal costs involved can be ruinous and most commercial insurance policies don’t provide the specialised protection you need.
Technology innovators are exposed to a raft of Intellectual Property risks that are constantly evolving.
How might your operations be exposed?
Risks can also arise when commercial transactions occur, such as with a merger, or when you decide to exit and sell your business, or dispose of your IP portfolio. You’ll be required to provide representations and warranties relating to your IP rights. What if they’re called into question after the transaction? How can insurance help you to ring-fence these liabilities?
Perhaps you’re raising finance to acquire an IP-rich business or IP portfolio. A challenge to the validity of the IP rights post-acquisition won’t impress your investors. Intelligently arranged insurance solutions can play a significant role in helping to secure investment in intangible asset portfolios.
Take a look at our case studies to see how we’ve helped our customers protect their IP rights.
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Insurance brokers who understand and work with technology companies are a rare breed, to be highly recommended.
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.
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.