London
21 August 2014
Reporter: Franki Webb
New insurance protection against IP risk
One of the risks for IP owners is breach of intellectual property online, but ACE Group has set up a suite of specialist indemnity policies developed to combat this issue.

Part of the protection includes coverage to pursue those who have breached the insured’s IP, as well as breach of licence (where the insured exceeds express limitations regarding the territory, duration or medium of distribution of a third party’s copyrighted material).

As well as coverage for defence costs for proceedings or investigations brought under the data protection act.

Other non IP issues covered include, defamation, confidentiality and privacy coverage.

Steve Driscoll, product line head, UK and Ireland professional indemnity, ACE global markets, said: “In today’s digital age, media companies face very specific, and new exposures to which we are responding with this suite of cover.”

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