Intellectual Property Liability

Intellectual Property Liability

Intellectual property (IP) risk refers to the potential for financial loss, legal liabilities, and damage to reputation stemming from the infringement, theft, or misuse of intellectual property rights. This risk can arise from various sources, including inadequate protection of one’s own intellectual property, unintentional infringement of others’ rights, or the failure to enforce IP rights against infringers.
 
Effectively managing this risk involves conducting regular audits, implementing strong protection strategies, ensuring compliance with laws and regulations, and vigilance against potential infringements. Addressing IP risk is crucial for preserving the value of intellectual assets and sustaining competitive advantage in the marketplace.

Understanding Your Intellectual Property Risk

Intellectual property assets now make up to 90% of the value of the S&P 500, yet remain one of the most underinsured and understood risk. At PLATFORM, we know IP Risk.

IP Infringement Risk

Trade Secrets/Misappropriation of Trade Secrets

Owned/Leased IP Risk

Non-Practicing Entity (NPE) & Competitor Risk

Governance Risk

Claims & Counter-Claims

Intellectual Property Litigation

Intellectual property litigation is escalating globally with larger more complex cases and increasing risks for businesses as the value of intellectual assets gains recognition. The global IP rights market supports innovation across industries, involving the creation, protection, and trade of patents, trademarks, copyrights and trade secrets.

Technological advances and digitalization are prompting countries to refine international IP laws, presenting challenges and opportunities for businesses. Globalization and e-commerce have significantly impacted IP rights, altering how they are registered, enforced and managed. As businesses expand online, the complexity of IP protection increases, necessitating stronger international cooperation and harmonization of laws to combat piracy, counterfeiting, and unauthorized use.

Monitoring IP infringements in digital landscapes requires advancements in legal frameworks and technologies. The blurring of sector boundaries has increased litigation scope, as IP rights now extend across multiple sectors. This underscores the need for robust IP strategies to navigate the evolving landscape of intellectual property litigation.

Mapping Your Intellectual Property Risk to Protect Your Business

Misconceptions surrounding Intellectual Property risks are common. At PLATFORM, we are committed to helping our clients identify these risks, quantity their exposure and determine the most appropriate steps to protect these invaluable corporate assets.

‘Patent Trolls’ or NPE (Non-Practicing Entities) Risk

Trade Secret Theft/Misappropriate Risk

Intellectual Property Infringement Rights Risk

Patent Infringement Risk

The PLATFORM Approach to Excellence Starts Here

At PLATFORM, we seamlessly integrate market and placement excellence, analytics and benchmarking, risk quantification and program optimization, and claims advocacy and risk advisory to deliver a comprehensive service offering tailored to your needs.

Market & Placement Excellence

As strategic brokers, we use our industry knowledge and network to deliver tailored solutions. Our commitment to excellence ensures the best coverage at competitive rates and comprehensive risk management strategies.

Analytics & Benchmarking

We use analytics and benchmarking to empower our clients to make informed risk decisions. With data insights, we create tailored risk programs aligning with each organization’s risk tolerance, ensuring optimal coverage.

Risk Quantification & Program Optimization

We use risk quantification and optimization techniques for bespoke, optimized risk and insurance programs. By measuring risk and adjusting coverage, we deliver tailored solutions offering maximum protection and value.

Claims Advocacy & Risk Advisory

Our dedicated team ensures that clients receive the full benefit of their coverage during claims, while our expert risk advisors provide strategic insights to mitigate potential risks. This dual approach enhances protection and supports our clients’ long-term success.

Our Solutions