Aon Launches Intellectual Property Liability Coverage

Aon plc has launched a new insurance product designed to cover clients’ intellectual property liability, including patents, copyrights, trademarks, trade secrets and know how. This is the latest offering in Aon’s suite of integrated IP capabilities following the recent announcement of its newly formed IP Solutions group as well as the acquisition of IP firm 601West.

Aon utilizes patent litigation analytics, predictive modeling techniques and distribution strategies, for its coverage, which includes meaningful IP liability insurance capacity.

Coverage features include:

Aon announced in May 2018 it will retire the business unit brands of Aon Benfield and Aon Risk Solutions, which follows the retirement of the Aon Hewitt business unit brand in 2017. The move was designed to increase the rate of innovation across the firm and make it easier for colleagues to work together. Aon has five specific global solution lines: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions and Data & Analytic Services.