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FirstAssist Legal Protection has announced the further development of its Intellectual Property Protection product range via a new partnership with COBRA Special Risks Ltd.
The cover, which will be known as COBRA Legal & IP Key Markets Protection, will be provided to SME’s looking to enforce their intellectual property rights, such as patents, trademarks, copyright and designs.
Commenting on the new product, Paul Wishart Director at COBRA Special Risks, which trades as COBRA Legal & IP, said “In the current climate it is more critical than ever that SME’s protect the assets which are fundamental to their long term success. Securing trademarks and patenting new innovations in technology are critical but even more so is the protection against infringement and illegal use. FirstAssist offer unique skills and expertise in this area and we look forward to bringing together our mutual understanding of this subject.
Andy Glynne, Head of Product & Pricing at FirstAssist said, “We are delighted to be working alongside COBRA, providing bespoke cover for a range of clients in what is traditionally a niche and complex market. Our aim is to provide businesses with a simple and affordable means to pursue justice when assets critical to their long term profitability are challenged.
Currently, only around 25% of firms have any IP cover in place at all, whilst 40% of patent holders and 34% of trademark owners have been involved in a dispute in the last 5 years. This new scheme aims to make access to justice a realistic option for them.
Working with COBRA demonstrates our expertise in addressing the complexities presented by this specialist market, and is particularly well timed in anticipation of the Patent County Court becoming the Intellectual Property Enterprise Court with effect from 1st October”.
About FirstAssist Legal Protection
FirstAssist is a leading player in Before the Event legal expenses insurance. The firm provides legal protection products to insurers, banks, building societies, brokers, affinity groups and law firms
• Personal and Commercial Before the Event Legal Expenses Insurance policies sold both stand alone and as part of home, motor, travel and commercial insurance and banking packages by some the UK’s leading insurers, brokers and banks.
• BusinessCare - a survival kit for business owners sold both stand alone and as part of a Commercial Legal Protection Package.
• Specialist BTE covers including products for IP protection, products for the solicitor market, rent guarantee and landlord cover.
Registered Office information
FirstAssist Legal Protection Limited is registered in England and Wales No. 07194681. Registered Office is: 1st Floor Chancery House, St.Nicholas Way, Sutton, Surrey, SM1 1JB.
FirstAssist Legal Protection Limited is an Appointed Representative of FirstAssist Insurance Services Limited, which is authorised and regulated by the Financial Services Authority. FirstAssist Insurance Services Limited’s FSA Register Number is 310671.
FirstAssist Legal Protection policies are underwritten by Great Lakes Reinsurance (UK) PLC Registered in England and Wales No. 2189462. Great Lakes Reinsurance (UK) PLC is authorised and regulated by the Financial Services Authority. FSA Register No. is 202715.
For more information on the FSA’s Register visit the FSA’s web site on www.fsa.gov.uk/register/home.do or by contacting the FSA on 0845 606 1234.
Cigna (NYSE: CI) acquired FirstAssist on the 1st December 2011 and is a global health service company dedicated to helping people improve their health, well-being and sense of security. Cigna Corporation’s operating subsidiaries in the United States provide an integrated suite of health services, such as medical, dental, behavioural health, pharmacy and vision care benefits, as well as group life, accident and disability insurance. Cigna maintains sales capability in 30 countries and jurisdictions and has approximately 66 million customer relationships throughout the world. All products and services are provided exclusively by such operating subsidiaries and not by Cigna Corporation. Such operating subsidiaries include Life Insurance Company of North America, Cigna Life Insurance Company of New York, and Connecticut General Life Insurance Company. To learn more about Cigna, visit www.cigna.com. To sign up for email alerts or an RSS feed of company news, log on to http://newsroom.cigna.com/rss. Also, follow us on Twitter at @cigna, visit Cigna’s YouTube channel at http://www.youtube.com/cigna and listen to Cigna’s podcast series with healthy tips and information at http://www.cigna.com/podcasts or by searching “CIGNA” in iTunes.
COBRA Legal & IP Profile
About COBRA Legal & IP
COBRA Legal & IP specialises in the protection of intangible assets through IP insurance and cyber insurance solutions.
Additionally, COBRA Legal & IP arranges After-the-Event (“ATE”) insurance and litigation funding for IP and non-IP litigation, legal indemnities cover, legal expenses cover for solicitors including COLP/COFA compliance officers and Governance and Practice Support (“GAPS”) insurance, office cover, and solicitors professional indemnity insurance.
COBRA Legal & IP has been set up as a “one-stop-shop” for the legal profession, and its clients, but works closely on a wholesale basis with other select brokers, including COBRA Network Members, so that they can offer these products and services to their clients.
Paul Wishart LLB(Hons)
COBRA Legal & IP
110 Fenchurch Street
Tel: 020 7204 0014
Websites: www.ip-insurance.com and www.cobralegalip.com