Intellectual Property » Biological Processes R&D Company

A research and development company that focuses on photo biological processes and photodynamic therapies purchased insurance to, among other things, cover litigation costs and any damages and settlement for claims of intellectual property infringement brought against the company anywhere in the world. The policy coverage also extends to contractual liabilities the company has for IP infringement claims brought against its licensees, distributors and others. The limit of indemnity is in excess of USD5 million, with a premium rate on line of less than 2%.