Intellectual Property Insurance

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So you have a great idea and are about to float - what have you done to protect the idea?

As we all know, it is very very expensive to either defend a case, where someone (possibly a large institution) has accused you of stealing their idea, or even worse trying to pursue a company or person who has stolen your idea.

Enter intellectual property insurance cover, the policy doesn't come cheap, however it will afford you superb coverage and enable you to sleep at night and have peace of mind.

The policies can offer you such wordings and insurance against the following areas: -

Legal expenses to defend your rights
Legal expenses to enforce your rights
Legal expenses to defend your agreements
Damages awarded if your defence is unsuccessful
Expert witness, enquiry and attendance expenses
Intended to apply to UK registered companies, firms or individuals within UK law
Claims against non-UK companies etc should be allowable if under UK law
Cover for non-UK companies etc may be available
Cover for Customs and Excise fees to monitor imports for surveillance of counterfeit goods