IP Insurance - What is it?
(Part 1)

Article | 22 March 2023

IP Insurance - What is it? (Part 1)

IP Insurance - What is it? (Part 1)

This article is the first of two parts, please see part 2 here.

Intellectual Property (IP) insurance is a specialised type of insurance designed to protect businesses from the financial risks associated with disputes and litigation related to intellectual property. IP assets, such as patents, trademarks, copyrights and trade secrets, are often valuable components of a business’s competitive advantage. However, protecting these assets can be complex and costly, especially in cases of infringement or litigation. IP insurance policies typically provide coverage for:

Legal defence costs

In the event that a business is accused of infringing on another party’s IP rights, IP insurance can cover the legal defence costs, which may include solicitor fees, expert witness fees and other expenses related to the litigation process.

Enforcement of IP rights

If a business’s IP rights are infringed upon, IP insurance can help cover the costs associated with enforcing those rights, such as pursuing litigation against the infringer or negotiating settlements.

Damages and settlements

IP insurance policies can also provide coverage for damages and settlements awarded in IP litigation cases. This can help to mitigate the financial impact of an unfavourable legal outcome.

Other IP-related disputes

Some IP insurance policies may also cover costs associated with different types of IP disputes, such as oppositions, cancellations or disputes involving trade secrets and non-disclosure agreements.

IP insurance can be tailored to meet the specific needs of a business, covering a range of IP assets and offering varying levels of protection. By providing financial support and resources to manage IP disputes, IP insurance helps companies to maintain their competitive advantage, protect their valuable IP assets and focus on growth and innovation.


Matthew Yeates is an energetic leader, helping companies and investors unlock their competitive advantage by identifying, valuing and monetising intangible assets. Matthew has been ranked as one of the top intellectual property (IP) strategists by IAM 300 – ‘World’s Leading IP Strategists’.


Matthew Yeates

Partner | Managing Director