New Zealand

Intellectual Property Legal Expenses Insurance

This dedicated cover has been designed to make it easy for companies to protect their competitive advantage by covering their legal costs.

Overview

Limited coverage generally exists for IP under existing insurance policies. This Intellectual Property Legal Expenses Insurance covers your legal expenses, enabling you to commercialise your ideas with confidence, and ensuring your ability to realise the value of your IP.

Coverage

Pursuit Cover

Pays for legal expenses to pursue a third party for an allegation of infringement of your intellectual property

Defence Cover

Pays for legal expenses to defend an allegation of infringement against you

Revocation Cover

Pays for legal expenses to defend an action disputing the legitimacy of your intellectual property

Protection for exclusive licensee

Pays for legal expenses you incur to defend an infringement allegation against your licensee arising because of use of your intellectual property

Contractual dispute protection

Pays for legal expenses you incur because of dispute with licensee over the use of your intellectual property

Public relations expenses

Pays for public relations expenses arising out of covered disputes under scenarios listed above

Territory/Jurisdiction

New Zealand domiciled risks Worldwide Jurisdiction can be considered on request

Target Segments

Broad range of industries except medical and dental devices

Capacity

Up to $500,000

Higher limits available, depending on proposal

Want to know more?

We’d love to hear from you. Get in touch with us to learn more about Intellectual Property Legal Expenses Insurance.