Copyright Insurance -Vital protection

Copyright Insurance

WHAT DO THE POLICIES COVER?

Now you have created your copyright it is important to consider how you might enforce it against third parties. In this digital age, copyright infringement is on the rise and the costs of stopping it can be significant.  Copyright insurance provides a worldwide affordable commercial solution. The policies cover:

1. The significant legal costs of enforcing your rights against third parties who may have copied them;

2. The significant legal costs of defending a claim that you have infringed a competitors rights;

3. Any exposures arising under warranties or indemnities given to customers, licensees or agents;

4. The legal costs of disputes arising under IP agreements such as licenses and distribution agreements.

 

WHAT ARE THE BENEFITS?

 

1. Protecting cash flow

The cost of litigation can have a devastating impact on the value of a company. Copyright owners often cannot afford to take decisive action which reduces the value of their rights and the business itself as infringers know they will get away scot free.

Our policies will meet the cost of the litigation allowing you to take swift and decisive action without affecting the financial position of your company.

2. Providing a deterrent

Once you have purchased a policy with us you can confirm in your marketing literature that insurance is in place. This will make potential infringers think twice about copying your work.

3. Reassures lenders and investors

In the modern economy most business value does not lie in tangible assets. Nowadays, a business’s real value lies in its Intellectual Property.  Having insurance in place gives lenders comfort that resources are available to maintain the value of the right if it is infringed. It also shows prudent planning and an understanding of the importance of intellectual property to your business.

HOW MUCH DO THE POLICIES COST?

Policies start from £59 per month (plus 9.5% IPT) but the premium will depend on the nature of the right being insured. Quotes are free of charge and we can assist in completing the application form which should take no longer than 20 minutes. We can have a quote for you within 5 working days.

If you have not done so already, we recommend you register your work with the IP Rights Office online through their at http://www.CopyrightRegistrationService.com. This provides evidential proof of ownership not only in the UK, but throughout all Berne Convention countries, covering over 160 of the approximately 190 nations of the world. The process is completed entirely online, so you don’t need to post any forms or copies of your work, or wait for these to be processed before your protection becomes effective.