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Edison IP

An innovative facility with significant benefits for companies seeking to protect their intellectual property (IP) rights.

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Intellectual property

Intellectual property provides companies with a competitive advantage. It is a differentiator, and companies that own IP can monetise it by licencing it, selling it, or using it to create new products and services. Before building and growing these revenue streams, the company must firstly protect its IP via patents, trade mark etc. Secondly, it must consider the risk of infringement and transfer that risk in order to protect its balance sheet.

Intellectual property (Edison IP)

Working with key Lloyd’s markets, Marsh’s specialist IP team has created Edison IP, an innovative insurance solution that bridges the gap where traditional policies might not provide sufficient protection for defending infringement claims or meet client needs in protecting the value of their IP.

Marsh’s Edison IP provides efficient access to a single layer of up to USD85 million of primary or excess capacity (subject to underwriting), with an optional primary reinstatement, led by the leading IP insurers in the London market.

Developed exclusively for Marsh clients, Edison IP is available globally and provides the following benefits:

  • Bespoke Marsh primary IP wording for defence cover up to USD85 million or GBP/EUR65 million.
  • Worldwide coverage, available to companies domiciled and operating anywhere Lloyd’s is licensed.*
  • Flexible scope of cover that can protect discrete or entire portfolios of owned and/or licensed IP, including patents, copyright, trade marks, trade secrets, and design rights.
  • Additional first party covers such as invalidation cover, reputation and brand protection, emergency costs, registration and maintenance fees loss, and withdrawal costs as standard, with optional loss of future profit cover.
  • A primary reinstatement option that can either be purchased at inception or at any point during the policy period for an additional premium.

Protecting your intellectual property

The scale of companies’ IP is growing, and IP infringement can profoundly affect businesses, industries, and economies. Disputes over the ownership or scope of IP are frequent, with economic turbulence causing companies to act more swiftly to protect their IP. In addition, claims activity from non-practicing entities is increasing, often bolstered by litigation funders willing to assume the risk and expense of litigating these disputes. And so now, more than ever, companies should recognise the importance of valuing, managing, and protecting their IP.

Who is Edison IP for?

  • Exclusively for Marsh clients globally.
  • Medium to large public and private organisations across most major industries.**

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* Limited appetite for risks domiciled in India, China, and New York State.

** Excluded industries include non-practising entities, patent assertion entities, patent trolls, patent pooling structures; creative works; cryptocurrency; non-fungible tokens (NFTs); thermal coal mining, thermal coal power production, oil sands, or Arctic energy exploration, or any related infrastructure to the latter. Insurers have a limited appetite for pharmaceutical risks with revenues over USD1 billion; automotive risks (connected/self-drive vehicles) with revenues over USD500 million; semiconductor/chip manufacturers with revenues over USD500 million.

 

Watch our latest webinar on understanding intellectual property litigation risk.

Our people

Sarah Coutts

Sarah Coutts

Intellectual Property Product Leader

  • United Kingdom

Stuart Chamberlain

Stuart Chamberlain

Intellectual Property Practice Leader

  • United Kingdom