Intellectual Property
TMK’s Innovation Protect insurance helps businesses defend and enforce their intellectual property rights, while protecting them against the financial impact of complex IP disputes.
Intellectual property claims can be costly, disruptive and commercially significant. Legal expenses, damages and settlements can escalate quickly. Innovation Protect provides financial support that helps businesses manage disputes with greater certainty.
Built on more than a decade of experience in IP liability, Innovation Protect combines real-world claims insight with specialist underwriting expertise to support businesses operating in an increasingly innovation-driven and litigious environment.
Key benefits
- Worldwide cover, subject to territorial limits and licensing
- Protection across patents, trademarks, copyrights and trade secrets
- Freedom to choose legal counsel
- Cover for claims brought by all types of third party, including non-practising entities, competitors and opponents with third party funding
- Protection for AI-related exposures
- Optional cover for standard-essential patent and FRAND disputes
LINE SIZE
Capacity of up to USD 25 million per risk
Cover can include:
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Defence against IP and contractual disputes
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Enforcement of IP rights and contractual rights
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Protection against financial loss, reputational harm, loss mitigation and withdrawal costs
Hear from our IP expert Ellie Webb: The relationship between AI and IP
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