INTELLECTUAL PROPERTY INSURANCE SUMMARY OF COVER

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Cover is available for:

  • Patents
  • Copyright and Design
  • Mark
  • Confidential Information
  • Passing Off
  • Unfair Competition
  • Licence Protection

Policy Options:

  • Worldwide Territorial Limits
  • Limits of Indemnity from £25,000 to £1,000,000.

Underwritten by Groupama Insurance Company and administered by:
Composite Legal Expenses Limited
Suffolk House
Trade Street
Cardiff
CF10 5DT

The Problem
Intellectual Property is now recognised as one of the most valuable assets of a business. Like any other, these assets are vulnerable to be taken by others or inadvertently trespassed upon regardless of whether the Intellectual Property right is registered or not. Given the complexity of these kinds of disputes, your business requires the support of skilled professionals to solve the problem through negotiation or representation.

The Solution
We have designed an economic service supported by legal expenses insurance, which will take away your intellectual property worries. You will receive confidential guidance or counseling, in either pursuing or defending your rights, from lawyers and other professional advisers. Where there is insurance in force you will not even have to pay the bill.

Policy Cover

The following represents a summary of the covers available to you. These summaries do not describe all the terms and conditions of your policy; these are contained in your policy document. When reviewing your policy it should be read in conjunction with your Policy Schedule:

Patents
The costs of defending or pursuing legal proceedings arising from the infringement or alleged infringement of a patent. The advice of the appointed lawyers and professional advisers must be strictly complied with at all times and they will vet all matters which may give rise to a claim.

Copyright and Design
The costs of defending or pursuing legal proceedings arising from the infringement or alleged infringement of Copyright or Design. The advice of the appointed lawyers and professional advisers must be strictly complied with at all times and they will vet all matters which may give rise to a claim.

Mark
The costs of defending or pursuing legal proceedings arising from the infringement or alleged infringement of a Mark. The advice of the appointed lawyers and professional advisers must be strictly complied with at all times and they will vet all matters which may give rise to a claim.

Confidential Information
The costs of defending or pursuing breaches of confidential information declared to the Coverholder that relates to intellectual property. The advice of the appointed lawyers and professional advisers must be strictly complied with at all times and they will vet all matters which may give rise to a claim.

Passing Off
The costs of defending or pursuing legal proceedings arising from a claim or allegation of passing off in relation to declared intellectual property rights. The advice of the appointed lawyers and professional advisers must be strictly complied with at all times and they will vet all matters which may give rise to a claim.

Unfair Competition
The costs of defending or pursuing legal proceedings arising from a claim or allegation of unfair competition in relation to a declared Mark. The advice of the appointed lawyers and professional advisers must be strictly complied with at all times and they will vet all matters which may give rise to a claim.

Licence Protection
The costs of defending or pursuing legal proceedings arising from a claim or allegation of passing off. The advice of the appointed lawyers and professional advisers must be strictly complied with at all times and they will vet all matters which may give rise to a claim.

This is a ‘Claims Made’ Policy. It only covers claims notified to the Coverholder during the Period of Insurance. You must notify us within 30 days of any circumstance that may give rise to any claim.

First Period of Insurance
Excluded periods of cover may be waived where similar cover was held immediately before purchasing insurance.

Limits of Indemnity
The maximum liability of the Coverholder under the Policy during the Period of Insurance will be listed on the Schedule. Annual limits are available from £25,000.00 to £1,000,000.00.

Excess
The Insurer will not be liable for the first part of any claim where you have accepted an excess under this Policy. The level of the excess will be listed for each head of cover in the Schedule.

Territorial Limits
Cover is available for claims brought in the United Kingdom, the European Union, United States of America & Canada and the rest of the World. The Territorial limits of the policy and each section will be shown in the Schedule of the Policy.

For certain trades there are amendments to the cover under the policy and premium levels are adjusted accordingly.

To discuss your individual requirements and to obtain a competitive quotation please contact us on 01793 536851 or e-mail us at ip@brunsdonwestinsure.com and we will arrange to contact you at a convenient time.