Enforcing or defending your IP rights against infringement can often be costly. One way of preparing for possible enforcement or defence costs is to take out an IP insurance policy, which can cover the costs of legal proceedings. Not only does this provide you with cost assurances, it also makes you more bankable because IP insurance can remove risks associated with IP from your books. IP insurance policies can be tailored to suit your needs, but generally IP insurance policies will cover costs for enforcing your rights against infringers or defending infringement claims made against you. For more information, please refer to our IP Insurance Whitepaper.