Wells Fargo Insurance has launched revENSURESM and ANDAfendSM, two new insurance products from its Professional Risk Group, Intellectual Property Risk Mitigation Practice (IPRMP).
The products are designed to protect a company’s expected revenues from legal challenges to the intellectual property supporting its sales or licensing.
The products provide indemnification for a company’s actual revenue shortfall and serve as a hedge against unfavorable market coverage from intellectual property litigation that may affect profits.
RevENSURE and ANDAfend are Wells Fargo Insurance proprietary solutions and are underwritten by a dedicated facility at Lloyd’s of London.