Intellectual Property Insurance

Your Intellectual Property may not be tangible, but it is valuable and needs protecting

Is the Intellectual Property in Your Business Protected?

Every company has intellectual property.

In its simplest form the name of the company or the website address is intellectual property. Patents, trademarks, designs, copyrights, trade or industrial secrets would all be common examples.

For some companies, over 80% of their total value can be derived from their intangible assets so it’s essential you get it covered. Despite this, balance sheets rarely reflect the true value of intellectual property and insurance protection such as patent insurance is equally as rare.

What’s Covered?

We can help you find the right cover for you. Our intellectual property insurance and protection policies can now be tailored covering one or more of the following sections:

  • Infringement defence, legal costs and damages awarded by the court
  • Breach of an agreement, such as non payment of milestones or royalties
  • Infringement pursuit
  • Business Interruption / R&D costs following an injunction
  • After the event (ATE) cover
  • Investigation costs

Additional Benefits of Intellectual Property Insurance

In addition to providing indemnity for losses and costs incurred, IP insurance has significant additional benefits, such as:

  • Providing a deterrent to large competitors who may think that the insured does not have the financial resources to pursue a claim for infringement.
  • The existence of insurance also strengthens the insured’s negotiating position with any third party.

Do I Need IP Insurance?

Intellectual Property protection insurance has developed significantly in the last decade and is relevant to all types and sizes of organisation, from new start-up ventures to large multinationals.

Enforcement of intellectual property rights, the validity of them and contractual disputes are increasingly common and, as a result, the insurance market has responded.  Policy coverage has broadened whilst minimum premiums have fallen considerably.

Your Independent Intellectual Property Insurance Brokers

Anthony Jones is an independent company, passionate about protecting the rights and ideas of individuals. Your intellectual property (IP) may not be tangible but it is valuable and worth protecting with insurance.

Anthony Jones Insurance Brokers is proud to be a member of IPAN (Intellectual Property Awareness Network) and we work collaboratively with our insurer partners and lawyers to help our customers protect themselves.

Website: WWW.IPAWARE.NET/

Need more
information?

If you would like to find out more about protecting some, or all of your intellectual property, we would be happy to help you and we can tailor cover to suit which is as unique as you and your IP.

Please call Mark Stevenson or Tom Cowap on 020 8290 9080. Alternatively, you can email us at ip@anthonyjones.com

“We have been using the specialist IP services of Anthony Jones Limited for all our recent client needs and found them highly effective in tailoring insurance solutions to the often challenging client briefs we have introduced and highly commend them in delivering a creative, fastidious and professional service at most cost effective rates.”

Nigel H.Worth, LLB, M.PHIL,F.I.I.L.P.
Director
Innovation Support Services Limited

FAQ’s

Some of our most asked questions, answered below:

What is Intellectual Property insurance?

Intellectual Property insurance protects your company’s intellectual property. The type of things that would be classed as intellectual property includes patents, trademarks, designs, copyrights, trade and industrial secrets.

Do I need Intellectual Property insurance?

All businesses own intellectual property but, because it is intangible, many don’t realise they have it or think that it needs protecting with insurance.

For some businesses, intellectual property accounts for up to 80% of the value of their assets. This means it is worth protecting with insurance.

What is Intellectual Property?

Intellectual property is non-physical property that is owned or licensed by an individual or business. This can be registered, such as patents, trademarks, designs or copyrights or it can be unregistered intellectual property, such a s industrial secrets and “know-how”. Both registered and unregistered intellectual property can be insured.

What does Intellectual Property insurance cover?

Coverage can be tailored to individual needs. The insurance can be for a single item of property or for the whole portfolio. The starting point of cover is usually the legal defence costs should you be accused of infringing another’s intellectual property and any damages awarded against you. Pursuit cover (against those you believe have infringed your IP) can be added, as well as Breach of Contractual Agreements, such as non payment of royalty income or milestone payments.

If an injunction is successfully made against you, you can also insure the ensuing loss of revenue income, previous research and development costs and recover the costs incurred in registering your intellectual property.

Reviews

 

Angus Storrier
Angus Storrier
15:34 08 Mar 24
Vanessa Mead
Vanessa Mead
10:00 17 Jan 24
Ed Tatham
Ed Tatham
15:09 11 Jan 24
wendy plant
wendy plant
10:10 01 Dec 23
I have been a client of Anthony Jones for 20+years. All the Advisors are experts in all areas of Insurance. The Advisors are very professional, helpful, cheerful, and caring. They make life easy when it comes to dealing with Insurance.
Leo G.
Leo G.
20:30 31 Oct 23
Best brokers !
Gail Proud
Gail Proud
21:39 10 Oct 23
Thank you for making insurance both Motor and Household stress free.
michael bentley
michael bentley
08:19 25 Sep 23
Very happy for many years, formerly dealing with Bob Chapman, Rose and Claire. Very friendly, very competitive quotes.
Colin Lee
Colin Lee
09:20 12 Sep 23
Joe and Mark are a credit to their profession. Thank you very much for your professionalism and the honest way that you conduct business.
Jed Lowe
Jed Lowe
16:06 07 Jul 23
…. Walked the extra mile including taking call on day off to sort out a mess caused by previous broker … can’t thank Bo and Tom enough ….
William Tracy
William Tracy
08:10 02 Jul 23
I have my Public Liability insurance with Anthony Jones. Tom Cowap normally deals with all my queries and renewal. I have found this company to be very helpful and polite and have dealt with my inquiries and renewal's quickly. Tom has always been really helpful.
Vapourlites Ltd
Vapourlites Ltd
13:43 11 May 23
Professional and efficient, first class service provided
Louise Burton
Louise Burton
13:46 21 Apr 23
I have worked with this company and Joe Penny for many years now and wouldn’t go anywhere else. Would Highly recommend Joe to anyone
lucy barham
lucy barham
09:09 21 Apr 23
Anthony Jones have have taken care of our commercial and fleet insurance needs for years. I have recently renewed our commercial & Liability insurance and trust that Joe Penny (account handler) understands our business and always strives to get the best rates and policy for us. I would highly recommend to anyone.
Ben Doughty
Ben Doughty
19:08 23 Oct 22
Steve @ Anthony Jones has been servicing our business for years and has always provided the best service I could ask for from a broker. Very responsive, great communication and a great company and individual to do business with. Does what is expected and more. Thanks
Louise Evans
Louise Evans
22:44 09 Aug 22
I use Anthony Jones Insurance Brokers annually for my home and contents policy. Sharon is always great to deal with, responsive, professional and found me a great deal. Really happy with my policy and will continue to use Anthony Jones in the future.
Amy LH
Amy LH
19:19 19 Jul 22
I have been a client of Anthony Jones for over 10 years as the broker for the buildings & associated insurances for our freehold property of 3 flats. For the last 6 years I have dealt with Tom Cowap who is always highly efficient, professional and easy to deal with. He really went above and beyond this year when he found the existing policy had stopped covering flood risk and that the alternatives offered a significant increase in premium on the previous year. He didn't involve me until he'd found policies which offered the right cover, but with a reasonable premium and it was genuinely surprising that he didn't try to sell me the more expensive option. I can't imagine wanting to move to a different broker in future because of this great service. Thanks Tom!
Stu Matson
Stu Matson
15:06 01 Jul 22
We have dealt with Tony and Steve for a few years now and are always so pleased with their service, patience and support in helping us get the insurance plans required for our outdoor events. I really couldn't recommend highly enough.
Arif Ali
Arif Ali
11:47 19 May 22
Bo has helped with the review and renewal of our Property Owners insurance for the last few years. I have found Bo very helpful and professional and would certainly recommend her to others. Kind regards.
Olga Bradley
Olga Bradley
16:28 11 Apr 22
Tom was very helpful, and very patient during the whole process of finding me a qoute for public Liability insurance. He helped make the whole process much easier for me. I would use his service again in the future.
Keith Rossiter
Keith Rossiter
18:42 28 Mar 22
Very efficient and friendly service. Competitive prices.
MODUS (MATL)
MODUS (MATL)
12:09 14 Mar 22
We have used Anthony Jones in excess of twenty five years. Always find them helpful and efficient, and they are able to get us the best costs for our insurance policies.
Brian Sealey
Brian Sealey
15:39 14 Feb 22
I dealt with a bloke called Joe Penny. From the minute we starting speaking he explained everything to me, explained all the ins and outs of the insurance. He made me feel at ease straight away. I would definitely recommend him if your looking for vape shop insurance. Cheers Joe will be back in touch when it’s time for renewal 👍
Paul Jackson
Paul Jackson
12:36 16 Nov 20
I wrote the following two years ago. Since then, I have continued to receive great service from the team at Anthony Jones - they are courteous & very effective, a pretty good combination for an insurance broker!"I chair a campaign to save our local pub. We launched a share sale and succeeded in buying the Crown a few days ago, so we needed help in selecting the right insurance for the site whilst renovations were under way, including unoccupied property cover. Tony Ellis of Anthony Jones Insurance was really helpful in guiding us through this process, and we now have the correct cover in place. Fast, easy to deal with & knowledgeable - just what you need from your insurance broker! Well done Tony and all at A Jones."
Irene Sauer
Irene Sauer
12:04 31 Aug 20
Excellent service.
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