Insurance can help protect intellectual property assets

By Manoj K Singh, Singh & Associates, Advocates & Solicitors
0
1811

In today’s business environment, where the fortunes of a business empire can depend on a moment of uncertainty, insurance is a viable option to minimize potential losses. A company’s tangible assets can be insured through various kinds of insurance schemes available in the market. Intangible assets such as intellectual property (IP) can also be safeguarded through insurance, which is a recent development in the business environment around the world.

In the past two decades IP insurance has become an important strategy to help minimize the monetary risks involved in protecting IP in a situation such as infringement, particularly for companies with a large pool of IP assets. (For example, Samsung owned around 47,855 patents in 2012, according to Statista, an online statistics provider.)

US origins

IP insurance originated in the late 1990s, when Intellectual Property Insurance Services Corporation started selling IP insurance products in the US. Following this, many big insurance companies started selling IP insurance products in the US market.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

Manoj K Singh is the founding partner of Singh & Associates, a full-service international law firm with headquarters in New Delhi.

Singh_&_Associates_Logo_NEW

N-30, Malviya Nagar, New Delhi -110017 India

Tel: +91 11 4666 5000, 2668 7993, 2668 0331

Fax: +91 11 2668 2883, 4666 5001

Email: newdelhi@singhassociates.in

Website: www.singhassociates.in