Feb 2, 2015

ACID IP Insured: A New Insurance Product For Designers

UK-based designers' organisation and lobby group Anti Copying in Design (ACID) has announced a brand-new scheme to protect designers and deter infringers.

In today's climate of increasing design infringement what better protection to have in your IP Toolkit than intellectual property insurance, the ultimate deterrent to protect designs from theft? Exclusive to ACID members, the ACID IP Insured scheme has a strong accompanying logo for insured parties to use to deter copying and provide real support, a must-have in any proactive IP strategy.

This unique ACID tailor-made IP insurance solution has been developed and negotiated with the Sybaris Legal & IP team (formerly COBRA Legal & IP) to provide up to £100,000 legal expenses cover to enforce registered, unregistered and copyright designs through the Intellectual Property Enterprise Court (IPEC) so long as the designs are held on the ACID Design Databank.  For a standard annual premium of £899.00 plus insurance premium tax of 6%, the standard excess is only £1,000 and there is no co-insurance applicable.

The ACID Design Databank offers access to a system where Members can lodge documents and images of their 2D or 3D designs, whether they are relying on unregistered design rights (UDR)/copyright or as an added safeguard for registered designs, underpinned by the strong ACID brand of deterrence.

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