The Intellectual Property Office of Singapore (IPOS),
Lloyd's Asia, and Antares Underwriting Asia, have launched an
initiative to support innovative enterprises as they enter global
markets. Called the Intellectual Property Insurance Initiative for
Innovators (IPIII), the programme will give innovative enterprises
access to insurance coverage for legal expenses that may be
incurred in intellectual property (IP) infringement proceedings
worldwide.
IPIII offers an insurance policy for enterprises and innovators
with a Singapore patent, trademark or registered design, which can
cover the legal costs of enforcing IP rights or defending against
allegations of IP infringement, covering legal expenses which can
often be expensive and detrimental to business cash flows.
