When it comes to intellectual property, a battle for their rights can be expensive, lengthy and unpredictable. Did you know that there is coverage available to prevent your business from financial responsibility? Before you decide if intellectual property (IP) coverage is right for your business, it’s imperative to understand exactly what IP is.
Intellectual property refers to the creations that are in your mind – think abstract ideas like inventions, literary and artistic works, symbols, names, images and designs used in commerce. IP also covers the realm of copyright patents and other more industrial-related ideas.
Intellectual property insurance is designed to protect one of your company’s most valuable asset – your intellectual property. Because IP litigation over patents and other IP concerns can often be the most expensive costs your company can face, it is crucial that your company defends itself against any potential lawsuits. In addition to defense, intellectual property insurance may also respond in the form of prosecution.
Our IP coverage pays any covered funds directly to the policy holder, allowing your business the opportunity to remain operational and successful.
Are you ready to take the next step in finding out more about The Daniel and Henry Co.’s intellectual property coverage and other business solutions? Contact our risk management professionals with any questions or concerns you may have and they can help develop the right coverage for your business.Share