Use your intellect, make sure you are protected

As competition increases during the hard times we are facing, a competitor or new market entrant will look for any advantage they can gain - so protecting your company against the legal fees associated in a solid defence, if someone tries to claim the rights to the same business model, process, or application you have the right to use, is simply, a sensible business decision to make.

It also works the other way, if you believe that a competitor is making a copyright, trademark or patent infringement, then Intellectual Property Insurance will help you enforce your rights by covering your claims and defense costs you may incur.

More than ever before, intellectual property claims involving infringements are being filed and litigated at a tremendous cost to both parties, where you will find those who have insurance, have a greater standing then those that don't, unless you have the money to pay the legal fees that is!

Typically policies can offer you assurance 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

At the end of the day, your ideas could be your most valuable assets and like any other assets, they need to be looked after and in certain cases exploited to their full potential if you are to reap the rewards you deserve from your creativity and enterprise.

With Sagar Insurance we help you protect what is your competitive advantage, why would you want to lose it? So talk to the experts, talk to Sagar Insurances.

If you would like to find out more about our Intellectual Property insurance product please contact us for an initial informal discussion.