SAMPLE INTELLECTUAL PROPERTY QUOTATIONS

Example A:

Company H has been researching the design of safety helmets for cyclists for the past three years. The result of that development has been the application and grant of a patent for the unique design elements of their product. They have only just started trading, and as they are a ‘start-up’ in a market dominated by larger, well-known brands they are concerned that their patents may be intentionally or inadvertently breached.

The company has decided to take out Patent Insurance cover for the legal fees arising from disputes relating to the patents they have been granted. The projected turnover for Company H in 2006 is £1.3 million from a worldwide market. The premium to cover them for international disputes of up to £250,000 in legal fees was in the region of £7,000.

Example B:

Company S sells clothing through a mixture of catalogue and online sales platforms. They have recently agreed a promotion contract with an international online retailer to include details of S’s offers in the information the clients receive with their goods. The distributor insists on all companies that promote directly to their customers purchase intellectual property insurance in order to protect them from trademark infringements on brand names that are referred to in the marketing literature.

The client purchased £100,000 of legal fees cover for c. £5,000 based on a £900,000 turnover derived from their products that are sold in the U.K.

Example C:

Company F is a wholesale clothing company based in Preston. They have been trading for 27 years and are becoming increasingly worried about cheap copies of their high quality branded goods. They derive their full income from sales in the United Kingdom. In order to allay their fears they have purchased cover for trademarks and copyrights based on a £500,00 income in 2005, their premium for the year is £930.00. Company F elected to take a voluntary excess on all claims in order to reduce the premium.