The British Insurance Brokers’ Association (Biba) has launched an intellectual property insurance scheme with specialist underwriting agent Opus Underwriting. According to Biba, the scheme offers competitively priced intellectual property insurance to companies with products, brands and know-how to protect from competitor predators and infringers. The cover is also designed to help businesses defend themselves should they inadvertently infringe on others’ styles and copyright. Growing Mike Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact [email protected]. You are currently unable to print this content. Please contact [email protected] to find out more. You are currently unable to copy this content. Please contact [email protected] to find out more.
The British Insurance Brokers’ Association (BIBA) has teamed with Opus Underwriting to launch an intellectual property insurance scheme. The programme will offer insurance products, with recommendations on protections and advice concerning copyright infringement. The policy offers cover of between £100,000 ($130,000) and £1m for specialist legal expenses and financial losses incurred from necessary changes in business following loss of litigation. UK brokers will be able to distribute the product with support from Opus.