Specialist insurance provider CFC has launched a new intellectual property product catering for businesses that range from start-ups to those with a turnover of up to £500m. The IP policy caters for companies across all sectors. It offers cover for both the defence or pursuit of infringement claims, contractual indemnities, loss of IP rights and loss of profits.

Maddi Brown, intellectual property practice leader at CFC, said: “The origin of most businesses, no matter their industry sector, lie in a product or a service idea and so most have some form of IP asset. It’s vitally important that they protect the patents, trademarks, copyrights and other IP that make them competitive and successful.

“The costs of any IP legal dispute are unpredictable and can soon rack up. No business, no matter their size, likes uncertainty and smaller businesses in particular can find themselves up against it when defending or pursuing an action against a larger entity. Our IP policy delivers the peace of mind they need, offering broad worldwide coverage including defence and pursuit, protection of loss of future profits and loss of IP rights.”