Unprecedented Experience in IP Insurance
Intellectual Property Insurance has a reputation for being expensive; however, Sybaris Legal & IP has specifically designed solutions to suit different sized companies, with different budgets. The comprehensive solutions are more expensive, but for the peace of mind of insuring what are probably your most valuable assets we consider it to actually be a necessary expense, rather than a luxury purchase. The expense reflects the risk, which you are ultimately transferring, so that you can trade with peace of mind. IP litigation is generally considered the most expensive form of litigation, and if you lose your corporate brand/identity and/or your key products will be lost, or damaged beyond recognition. Arguably, no other type of insurance could have such an impact upon the survival of your company.
The IP Legal Expenses Cover for Pursuit/Enforcement and/or Defence Costs will be typically a few thousand pounds upwards depending upon the jurisdictions covered, the limits of indemnity, the IP rights to be insured, the marketplace which the client operates in, and the risk in general.
A comprehensive IP Package, which includes awards for damages as well, will generally start at £5,000 upwards. We can, however, sometimes arrange premium financing solutions with third party providers, subject to status.
Full IP insurance solutions are relatively expensive to insure, which is why we are in a position to offer a number of options to clients. Both costs and awards can be extremely high compared to other forms of litigation; therefore it is essential to realistically consider the consequences of IP litigation, and whether your business could survive losing an IP action. Additionally, the high costs of bringing an action against a competitor mean that many businesses simply cannot afford to sue a competitor for infringement. Your competitors will often know this, and will therefore know that you are not in a position to fight back. Your larger competitors will often use their stronger financial position as a weapon against you, so they copy and/or use your IP, and drive you out of business knowing that there is little that you can do. Your IP insurance programme will "level the playing field" in today's aggressive environment.
With potentially more than 40% of your company value tied up in your IP, can you really not afford to insure it?
How can I protect my IP and my business now?
Underwriting IP insurance is a complex, and bespoke, underwriting process. Every risk is different, and requires individual review and assessment. We will generally require fully completed proposal forms, and supporting information. We may, however, be able to provide "very rough indications" with more basic information.
We will generally be in a position to provide you with more accurate premium indications within a week, but if your risk is particularly unusual, or your IP portfolio is larger than one or two IP rights, then it may take up to 10 days.
Sybaris Legal & IP is now in a position to discuss your IP insurance requirements, and for your IP portfolio to be considered by our scheme Underwriters.
In the first instance, please contact for further information, or to arrange a call:
Paul Wishart LLB(Hons)
Managing Director
pwishart@sartorex.com
The IP Legal Expenses Cover for Pursuit/Enforcement and/or Defence Costs will be typically a few thousand pounds upwards depending upon the jurisdictions covered, the limits of indemnity, the IP rights to be insured, the marketplace which the client operates in, and the risk in general.
A comprehensive IP Package, which includes awards for damages as well, will generally start at £5,000 upwards. We can, however, sometimes arrange premium financing solutions with third party providers, subject to status.
Full IP insurance solutions are relatively expensive to insure, which is why we are in a position to offer a number of options to clients. Both costs and awards can be extremely high compared to other forms of litigation; therefore it is essential to realistically consider the consequences of IP litigation, and whether your business could survive losing an IP action. Additionally, the high costs of bringing an action against a competitor mean that many businesses simply cannot afford to sue a competitor for infringement. Your competitors will often know this, and will therefore know that you are not in a position to fight back. Your larger competitors will often use their stronger financial position as a weapon against you, so they copy and/or use your IP, and drive you out of business knowing that there is little that you can do. Your IP insurance programme will "level the playing field" in today's aggressive environment.
With potentially more than 40% of your company value tied up in your IP, can you really not afford to insure it?
How can I protect my IP and my business now?
Underwriting IP insurance is a complex, and bespoke, underwriting process. Every risk is different, and requires individual review and assessment. We will generally require fully completed proposal forms, and supporting information. We may, however, be able to provide "very rough indications" with more basic information.
We will generally be in a position to provide you with more accurate premium indications within a week, but if your risk is particularly unusual, or your IP portfolio is larger than one or two IP rights, then it may take up to 10 days.
Sybaris Legal & IP is now in a position to discuss your IP insurance requirements, and for your IP portfolio to be considered by our scheme Underwriters.
In the first instance, please contact for further information, or to arrange a call:
Paul Wishart LLB(Hons)
Managing Director
pwishart@sartorex.com