Life Science & Chemicals

Intellectual Property

The loss of intellectual property protection, particularly patents, can have dramatic effects on the revenue stream and share price of life science companies. Losing patents, perhaps due to legal action or natural expiration can cause sales and profit to radically decline. The loss of a patent through natural expiration can be mitigated through product portfolio management, new products and lifecycle management of existing products. What is more difficult to mitigate, however, is where the patent is lost unexpectedly. The potential business interruption can become even more damaging when a company relies on a small number of key products.

Although life science companies, on a global perspective, understand the value of their intellectual property and how best to protect it, they are often not aware of an available insurance option to transfer some of this business interruption risk. We can arrange insurance cover that enables the loss of revenue suffered from earlier than expected loss of patent to be indemnified.

JLT Contact Details

Neil Campbell

Head of Life Science & Chemicals
JLT Specialty Limited
6 Crutched Friars
London, EC3N 2PH
[T]: 020 7558 3996

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