Intellectual Property Insurance Ireland
Safeguard your business against IP infringement.
If your intellectual property is central to how you do business, it’s time to discover how to protect it from a wide assortment of risks.
Established in 1993.
Over 100 years' experience.
10 dedicated team members.
Over 1,000 Irish customers served.
Intellectual Property Insurance Ireland
Whether you work in life sciences, software development or manufacturing, there’s a good chance that your business will one day find itself defending claims of intellectual property, copyright or patent infringement.
Intellectual property insurance provides cover for the costs of these claims and loss of profits associated with the loss of IP rights.
With average patent lawsuits easily exceeding €1,000,000 per side, having the appropriate insurance in place could well be one of your most important assets, mitigating this significant financial risk.
IP protection allows you to defend your business efficiently and preserve its finances and reputation without unnecessarily affecting the bottom line – so your business can continue to operate while the claim is resolved.
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With limits up to €13 million available – and no unnecessary exclusions – you’ll have complete peace of mind that your core assets are protected.
Cashflow
Avoid the need to tie up cash to defend against allegations of IP infringement.
Hold Value
Avoid diminished value in your IP portfolio.
Avoid Re-Engineering
Avoid hefty re-engineering costs to ensure non-infringement.
Protect Your Patents
Provides you with the wherewithal to pursue a third party who has infringed on your patent.
Protect Your Suppliers
Indemnify a customer which receives a lawsuit for selling your product.
Why Should choose ERM Financial Services for IP Cover?
Service, expertise, advice and competitive quotes that you can rely on, since 1993.
- Tailored Insurance Products
- Competitively Priced
- Dedicated Account Manager
- Over 100 Years Experience
Intellectual Property Insurance Ireland
What does IP insurance typically include?
Defence is the standard feature.
This covers legal defence fees and expenses if you inadvertently infringe someone else’s IP (e.g: plagiarism). A good IP solicitor may cost upwards of €500 per hour, and developments in communications technology mean that your infringement may be more easily identified.
IP cover also typically includes:
All Intellectual Property
Expert Legal Assistance
Defence Costs
Payment Of Damages
Contractual Indemnities & ‘Hold Harmless’ Undertakings
Loss of IP Right
Loss Mitigation Measures
Counter-Claims Cover
Product Recall
Loss of Profit
Investigation Costs
Reputation Management
Other features of this cover can include:
Pursuit Costs
This covers your legal expenses for pursuing people who infringe your own IP. It’s a “fighting fund” and is a separate purchase that can be added to your insurance portfolio.
Agreements
This covers the costs of pursuing or defending a case in which an existing IP exploitation agreement starts to go wrong.
