Advancements in AI and technology are making IP insurance more accessible and affordable, particularly for those in the SME space. Mark Vincent talks with Matthew Yeates from Amplisure about these changes.

Technology is rapidly changing the IP insurance landscape, making insurance assessments, quotes and premiums faster and more affordable for IP owners.

There are a number of good reasons for IP owners to obtain a quote and consider IP insurance. Clients are in a much stronger position when facing disputes if they can call upon their insurance to cover the costs of enforcement actions, rather than being left to fund these expensives themselves. It also provides a strategic advantage for smaller companies by enabling them to credibly threaten to take larger companies to court, essentially leveling the playing field and leading to negotiated settlements more often.

For IP owners with protection in multiple jurisdictions, policies can also be obtained on a global basis that covers contractual indemnities, offensive and defensive actions involving patents, trade marks, designs and confidential information.

Principal at Spruson & Ferguson Lawyers, Mark Vincent, has seen the benefits to clients when defensive or offensive infringement action has been unavoidable. Mark sat down with Amplisure’s Director Matthew Yeates to discuss some of the key things that IP owners should consider when managing and commercialising their intellectual property assets, and how Amplisure works with clients.

More about Amplisure

Amplisure offers a no cost quote with rapid risk assessment, and allows you to engage your choice of lawyer.

If you would like to find out more about Amplisure’s services, please head to their website: Amplisure

How we can help

With IP insurance becoming more efficient, accessible, and cost-effective for clients, reach out to Mark or your Spruson & Ferguson attorney for further information about obtaining cover.