Protect Your Income with Royalty and Specialist Protection
If you are a business owner, then you know how important it is to protect the intellectual property (IP) that your company has created. You also need to make sure that if something happens to you or someone else in your family, that your business will be able to continue running and making money for years to come. To do this, we recommend taking out a Royalty and specialist protection.
One of the main reasons why you should have a royalty and specialist protection plan in place is because it can help to ensure that your business will continue running even if something happens to you or one of your key employees. This type of policy can also provide peace of mind knowing that your valuable IP is protected.
Also, if you are looking to sell your business in the future, a royalty and specialist protection plan can help to increase its value. This is because potential buyers will know that the IP is protected and that they will not have to worry about any legal issues down the road.
Another benefit of having a royalty and specialist protection plan in place is that it will help to ensure you are properly compensated if someone else decides to steal your IP. It can also provide financial support for legal fees, damages, etc.
However, this type of plan can be rather costly and it is important to do your research before finalizing any decisions. For example, you should always check with the insurance provider that you are using for quotes on how much they charge per $100 worth of royalty income or sales revenue.
Another thing that you need to look at when getting a royalties and specialist protection plan in place is whether or not there will be an annual fee attached to it. You also want to make sure that the policy includes all forms of IP including patents, trademarks, etc., as well as computer software, databases rights under copyright law (including future works), trade secrets, know-how, business information/secrets/proprietary data…etc.