Home OLD 2 - Amplisure

Amplisure IP Insurance

Australasia’s only dedicated intellectual property (IP) insurance broker firm. We know insurance and IP better than anyone.

How we help

Value is increasingly held in intangible assets, making IP the fast-growing enterprise risk area. As a result, the protection of your IP portfolio is now more valid than ever.

Our deep understanding of IP has allowed us to grow into a leading risk management team, allowing us to help our clients insure against these growing risks better than anyone else.

Our Products

IP insurance policies can be tailored to suit your needs, but generally, they will cover costs for enforcing your rights against infringers or defending infringement claims made against you.

Benefits of IP Insurance

IP insurance plays a strategic role as a risk transfer mechanism by shifting risk off your balance sheet. It also brings strong commercial benefits such as acting as a key negotiation tool in licensing or joint venture deals that can offset some of the risk costs.

Pricing

A misconception is that insurance for IP is expensive. As Australia’s only dedicated IP insurance broker firm, our volume and in-depth analysis of IP allows us to identify premiums as low as $5,000 per year.

Who we work with

Reasons for getting IP Insurance

Four pillars of protection

Intellectual property insurance provides capital for legal expenses if you find yourself involved in covered IP litigation. In the case of defense policies, it helps pay for any judgment or settlement rendered against you.

Enforcement policies let you work with the carrier to actually enforce your own patents. With the underwriters’ permission, you could sue the infringer and then be reimbursed for your legal costs. (DODDY TO REWRITE)

01. Defend your intangible assets

Cover your costs in the case of other organisations bringing a claim against you. This includes legal costs, damages, product recall costs, and counterclaims.

02. Enforce your rights

Cover for expenses paid in obtaining and maintaining your IP, this includes adverse and assertion costs, as well as counterclaims.

03. Loss of IP rights

Monetary payment if you lose IP rights due to invalidation or an injunction imposed against you.

04. Contractual indemnities

Monetary payment for the loss of income incurred from contractual termination.

Our Advantage

Amplisure’s exclusive relationship with specialist underwriters makes our service bespoke, cost effective and of the highest quality.

By working closely with patent and trademark attorneys, as well as accounting and legal professionals, we’re able to broker a tailored IP insurance product for all our clients – ranging from individuals to large multinationals.

Our bespoke services maximises your advantage, by offering the following:

Worldwide Protection

No matter who infringes your IP or makes a claim against you, your expenses and legal fees will be covered. This includes patents, trademarks, trade secrets, and copyrights.

Easy to Understand Cover

With clearly laid out inclusions, limits, and costs, you’ll easily understand what is included in your policy and what you are eligible to claim.

Low Cost - High Value

From as little as $5,000 per year, you can protect up to $10,000,000 for IP infringement enforcement or to defend your business against claims.

Our Specialist Team

Simple application process (quotes can take as little as 24 hrs).

Why IP Insurance

IP Insurance plays a strategic role as a risk transfer mechanism – shifting risk off your balance sheet. It also brings strong commercial benefits that can offset some of the costs of risk.

Inventors, SMEs, Listed Companies

Shift hidden risk off the balance sheet. Insurance can help you to justify the expense or perceived risk of IP to investors and key stakeholders.

Small fish vs Big Fish

Litigation is expensive, smaller firms can leverage a better market position.

Capital Raising

Secure debt against insured IP assets.

Mergers and Acquisitions

Protect yourself from newly acquired IP assets that may contain inherent risk.

Product Developers

Protection against unfamiliar sectors or geographic risk

Licensing Agreements and Negotiations

Leverage a stronger position when negotiating licensing agreements.

Policy Examples

The following provides simple examples of how IP insurance can be used in a variety of ways, for those who have IP rights, those who license in IP rights, and those who have no IP rights but are concerned about infringement.

Specific policies can be customised as needed, depending on the required coverage, and more than one type of cover can be used.

Defensive Cover

You are a company that manufactures and sells products in a market with competitors who have a reputation for asserting their IP rights such as patents, trade marks, designs, copyright and trade secrets. You are concerned that you may be at risk of receiving assertions of infringement. Defensive cover can cover legal costs, damages, product recalls, counterclaims, and provide assurances that infringement actions do not impact the bottom line of the business.

Enforcement Cover

You are a company that manufactures and sells products that are protected with IP rights (such as patents, trade marks, designs, copyright and trade secrets), are in a market with copycat competitors and are concerned that they will manufacture or sell an infringing product.

Enforcement cover can cover legal expenses paid in enforcing your IP, including adverse and assertion costs and counterclaims.

Loss of IP Rights

You are a company with a few key IP assets that underpin the value of the company, such as a start-up or SME, and are concerned that a competitor may try to invalidate your IP rights. The loss of these IP rights would have a dramatic impact on the bottom line of the business.

Coverage to protect the loss of IP rights provides a monetary payment for the loss of IP rights in the event the IP rights are invalidated or an injunction is imposed on IP rights.

Contractual Indemnitites

You are a company that sells a product from a supplier under license. The supplier insists that the product does not infringe IP rights, but it is not willing to include clauses in the contract to fully indemnify to cover potential losses due to an infringement action.

Contractual indemnities cover provides monetary payment for the loss of income incurred from infringement and contractual termination.

Have a question?

Whether you are an individual, professional firm, or broker, we would be more than happy to assist with your enquiry. Please fill in your details below including your message and we’ll get back to you as soon as possible.

Call us:
+61 (03) 0000 0000
Weekdays: 9am – 5pm AEST