Insurance for IPTA members through Aon.
Professional Indemnity insurance designed for Patent and Trade Mark Attorneys.
When you’re offering professional services as a patent and trade mark attorney, having the right insurance means that you have a level of security that can protect your business from losses in the event of a claim.
We are proud to be the chosen risk and insurance solutions provider for the IPTA community. We’ll work closely with the Institute to deliver a range of risk and insurance solutions specifically designed for the needs of legal professionals in the patent and trade mark law sector.
We’ve worked closely and deep-dived with IPTA to understand the needs of it's members and their and business requirements in detail. We’ve also designed a Professional Indemnity insurance solution* tailored for your profession, which includes exclusive cover solutions and pricing only available to IPTA members. Talk to a dedicated expert today.
Depth and detail with expert advice.
We'll prioritise understanding your business' risks by identifying potential gaps and bring you an insurance solution suited to your business needs and risk requirements.
Talk to an expert – Gain confidence by discussing your insurance requirements, and the options available to you, with a dedicated team of professional advisers who understand the insurance needs of attorneys.
Deep industry insights – We use our data-driven insights and deep industry knowledge to offer you an insurance program to suit your business’ requirements.
Knowledge & thought leadership - Deepen your understanding of key risk exposures and insurance through Aon’s extensive thought leadership and market insights we’ll offer you, across a wide range of topics, risk management reports and access to exclusive events and more.
Tailored insurance solutions for Patent & Trade Mark Attorneys
Range of options
- Professional Indemnity
- Cyber Liability
- Business Insurance
- Public Liability
- Management Liability & more
Choice & Flexibility
Managing your claim
Dependent on the size of the firm, limits of up to $20,000,000 are available. For details regarding professional indemnity insurance in your state please refer to the respective state law societies’ requirements.
This is because as a sub-contractor they will likely also provide services to other businesses and parties, and naming them as an insured may potentially expose you to liabilities outside your business that are completely outside of your control. Due to this we do recommend that any sub-contractors engaged maintain their own insurances.
The standard territorial limits under the policy are worldwide excluding USA or Canada. If you are providing 10% or less of services to clients within the USA or Canada this coverage can be extended to worldwide.
By extending the territorial limits, this will cover you for activities or services anywhere is the world. However, all claims under the policy would need to be brought against you in a Court of The Commonwealth of Australia.
Do I maintain my insurance if I stop trading?
Professional Indemnity is a claims-based insurance. This means that a policy needs to be active when a claim arises in order to respond, even if this event that lead to the claim occurred several years ago.
Due to this if you do cease trading we recommend maintaining what is called a “run off” professional indemnity policy. This is an active policy that will cover you for activities when you were trading, to ensure you have cover in place when a claim is made afterwards up to 7 years.
*Full policy terms and conditions and exclusions apply. The Professional Indemnity Insurance for members of the Institute of Patent and Trademark Attorneys is arranged by Aon Risk Services Australia Limited ABN 17 000 434 720 AFSL 241141 as agent for the insurer, FTA Insurance Pty Ltd ABN 69 614 898 270 AFSL 493713. If you purchase this insurance, we will receive a commission that is a percentage of the premium. Further information can be provided upon request.
The Cyber Liability insurance is arranged by Aon Risk Services Australia Limited ABN 17 000 434 720 AFSL 241141 (Aon) on behalf of the product issuer CFC Underwriting Limited 1999-2019 of London, Company Number 03 302 887. If you purchase this insurance, Aon will receive a commission that is a percentage of the premium. Further information can be provided upon request.
The Institute of Patent and Trademark Attorneys (IPTA) (ABN 78 004 194 263) acts as a referrer of Aon’s products and services only. All services in relation to insurance products are provided by Aon Risk Services Australia Ltd ABN 17 000 434 720 AFSL 241141 (Aon), not by IPTA. IPTA is not a representative of Aon and accepts no legal responsibility for any advice given by, or any act or omission of, Aon. IPTA may receive a referral fee from premium commission received by Aon as a result of referrals made by IPTA to Aon. If you require further information about our relationship, please feel free to contact Aon or IPTA.