A person holding a tablet displaying an online patent application, symbolizing the protection of inventions and patents.

Protection for innovationsPatent liability insurance

Innovative ideas are a key driver of growth – especially for SMEs. Those who invest in research and development often create a considerable part of their company value through their own patents, designs or utility models. But this is precisely where there are often dangerous gaps in insurance cover.

Close the gaps in insurance cover with patent and intellectual property insurance

Neither traditional business or product liability insurance nor standard legal expenses insurance generally cover liability risks relating to industrial property rights. Patent liability insurance closes this gap – with customised insurance solutions for companies of all sizes.

MRH Trowe provides you with comprehensive advice on possible policies and arranges customised protection – both nationally and internationally.

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Insured risks & hazards

The cover includes a large number of unforeseen risks, including:

  • Liability risks due to property right infringements: Defence against third-party claims due to alleged patent or trademark infringements.
  • Own infringement of rights: Assumption of compensation payments following a court judgement or settlement.
  • Product recall costs: Coverage of the recall of infringing products.
  • Enforcement of own property rights: Legal protection in patent disputes against competitors.

 

Possible scope of cover & extensions
  • Worldwide protection: Coverage via international insurance markets, especially in London.
  • Pure legal expenses insurance: Optionally available for disputes focusing on legal costs (up to an insured sum of EUR 250,000).
Insured Persons
  • The Insured Company
  • Management and senior executives
  • Employees involved in development, research and production

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