Intellectual property rights such as patents, trademarks and copyrights are of central importance in the life sciences industry.
Protecting these rights is essential to safeguard your innovations and minimize potential risks in the event of legal disputes or patent infringements. IP insurance offers you the security you need to both defend your rights and protect yourself against third-party claims.
We would be happy to advise you on the most important aspects of our customized IP insurance solutions for your company. Talk to us about it!
In recent years, not only has the risk of intellectual property (IP) being compromised as a result of security incidents increased, but the number of legal disputes relating to IP rights has also risen significantly. At the same time, patent and trademark offices around the world are seeing an increase in new applications. Unfortunately, this has also led to an increase in disputes over these rights, which are often associated with high financial costs.
Our IP insurance for intellectual property was developed to protect companies against the considerable cost risks that can arise from disputes in the area of intellectual property rights. The insurance cover can apply worldwide - alternatively, it can also be limited to specific countries or regions.
"Anyone creating innovations today not only needs ideas - they also need reliable protection. With our IP insurance, we ensure that intellectual property retains its economic value."
Intellectual property is the backbone of many innovation-driven companies - especially in the biotech, pharmaceutical and medical technology sectors. Studies by the European Patent Office (EPO) and the EU Trademark Office (EUIPO) show that start-ups with secure patent and trademark rights have significantly better chances of attracting investment - up to 10 times more often than those without IP protection.
However, enforcing these rights is expensive. Young companies in particular can often barely afford legal disputes with competitors - even though their economic existence is often directly linked to the protection of these rights. IP insurance offers targeted financial support here.
A distinction is made between three types of hedging:
IP legal protection insurance
Covers the defense against third-party claims (e.g. injunctive relief, damages) and optionally also the active enforcement of your own rights.
IP criminal legal protection insurance
Covers criminal charges in connection with IP - e.g. trademark infringements or copyright violations.
IP liability insurance
Protects companies if they unintentionally infringe third-party property rights - including defense and compensation.
In this way, innovations can not only be protected, but also consistently defended in the event of an emergency.
IP insurance offers modular protection against financial risks relating to intellectual property. Depending on requirements, the following services can be covered:
The protection can apply worldwide - or specifically for the markets in which your IP rights are used or marketed.
Protection is particularly relevant for:
Currently, certain disputes - especially those with a place of jurisdiction in the USA - are often excluded from insurance cover. Although patents are insured worldwide, the place of the proceedings is decisive:
In the long term, insurers are working on solutions to cover complex jurisdictions such as the USA or China.
There are various products for protecting intellectual property rights:
Covers the defense against:
Start: From filing with the DPMA
Benefits: Court costs, attorney, patent attorney
Sums insured: from EUR 250,000
Deductible: from EUR 2,500
Contains additionally:
Protects against the costs of investigations:
Covered: Management, shareholders, employees
Sum insured: up to EUR 500,000
Protects against unintentional infringements of third-party property rights:
Validity: From market entry or commencement of insurance
Benefits: Lawyer, court, compensation, business interruption, product recall
Sums insured: individual (e.g. up to EUR 50 million possible)
The policy covers:
When an IP right is sold, protection is not automatically transferred to the buyer. This must be secured separately.
The premiums are based on:
We recommend choosing a sum insured from EUR 250,000 with an excess of EUR 2,500 or EUR 5,000.
The possible costs are as follows:
