Strategic Assets

The risks facing businesses have changed significantly in recent years with organisations increasingly reliant on IT networks, outsourcing business processes or operating with a just-in-time supply chain model.

At Liberty we take an innovative and flexible approach to protecting our clients’ intangible assets offering fast and creative specialist insurance solutions.

Cyber

Cyber Suite offers insurance coverage tailored to the challenges faced by a business over their increased dependence on IT networks, third party IT and business processing providers as well as the digital assets and private data they keep.

Cover included for:

  • Loss of or damage to digital assets
  • Non-physical business interruption and extra expenses
  • Cyber extortion and cyber terrorism
  • Security and privacy liability
  • Privacy regulation defence
  • Special expenses such as notification expenses, PR expenses and credit monitoring
  • Reputational harm

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Intellectual Property

Intellectual Property (IP) Infringement

Insurance coverage to indemnify businesses that are defendants in intellectual property (IP) litigation following allegations of infringement of another party’s IP rights (patents, trademarks, copyrights etc) or following a challenge to the rights or ownership of IP owned by the Assured. Cover included for:

  • Infringement defence legal costs
  • Infringement liability for damage awards and settlements
  • Contractual IP indemnifications
  • Contractual disputes
  • D&O indemnification

Intellectual Property (IP) Value

Insurance coverage to indemnify for lost profits on products, diminished IP portfolio value or reduced contract value as a result of:

  • Successful legal actions against the Assured’s IP, such as invalidity challenges
  • Government action discriminatory to the Assured’s IP rights

Intellectual Property (IP) Contractual Liability Insurance

A specific solution to deal with the frequent requirement to address IP indemnification within contractual negotiations. Cover can be provided for the legal fees and expenses and damages (including settlements) incurred as a result of:

  • Any IP related indemnity agreement or hold harmless provision provided by the Insured to a third party under a contract or;
  • An allegation that the Insured has infringed on a third party’s IP through its dealings in the products/services provided to the Insured by a third party under a contract.

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Non-damage Business Interruption & Trade Disruption

Insurance coverage to protect earnings lost through the failure of some element of a business’ supply chain or a critical degradation to business activity. Coverage is increasingly important in an environment where there is greater time-critical dependence upon third parties, delivery of raw materials and components and a changing risk landscape not supported by traditional business interruption (BI) insurance.

Cover included for:

  • Physical risks to assets in transit
  • Marine/blockade risks
  • Political and regulatory risks
  • Supplier insolvency
  • Inability to manufacture (contamination/recall)
  • IT network failure
  • Loss of Intellectual Property rights
  • Lost reputation (and crisis management costs)

Reputation

Insurance coverage for Reputation protects earnings following any short to mid-term reputational damage as a result of an adverse media report. Such a report may be factually correct or incorrect on an issue that is listed as a named peril in the insurance contract. Such issues underwritten are dependent on the business. Crisis management expenses also available.