Title: Intellectual property insurance as a management tool

Authors: Fanny Koleva

Addresses: Intellectual Property Department, Faculty of General Economics, University of National and World Economy (UNWE), 'Osmi decemvri' blvd., Studentski grad 'Hristo Botev', Sofia 1700, Bulgaria

Abstract: The aim of the paper is to reveal the variety of forms of intellectual property (IP) insurance, which are quite often not known and respectively - underestimated, both from the potential insured, and from the insurers, although their utilisation may raise the efficiency of management of those parties and improve their results. The paper discloses the IP risks, requiring insurance, together with the potential beneficiaries, analysing its necessity from the perspective of the imperfections of the IP system, as well as the beginning of this practice and its stages of development, the products, offered on the market, and the trends on it. The paper respectively reaches the conclusion that from the perspective both of its volumes and of its various products this market shows a serious growth. And although it is not mature yet, this growth, and especially the coverage for internet related IP risks, shows that even better future is coming.

Keywords: intellectual property risks; internet risks; intellectual property insurance; defensive insurance; offensive insurance; management tools; potential insured; insurers; insurance utilisation; management efficiency; potential beneficiaries; market growth; world wide web; intellectual property management.

DOI: 10.1504/IJIPM.2012.049902

International Journal of Intellectual Property Management, 2012 Vol.5 No.3/4, pp.327 - 341

Received: 23 Mar 2012
Accepted: 01 Aug 2012
Published online: 31 Jul 2014 *

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