We’re seeking to implement a Trade Mark Defence Insurance product to assist small and medium enterprises throughout the intellectual property (IP) lifecycle. The purpose of this product is to provide a sustainable and affordable option for trade mark applicants and owners to meet the costs of defending their right against any form of dispute within Australia.
We released a Request for Application in March 2017 on AusTender to identify a provider, which closed on Friday 21 July 2017. Following a competitive process, BMS Risk Solutions Pty Ltd, partnered with CFC Underwriters and Griffith Hack, have been selected and have now entered into an agreement with us. We will work with BMS Risk Solutions Pty Ltd to finalise the operational aspects of establishing the product to launch in early 2018.
We will not provide financial or other means of support to the product or the provider and will not be involved in the purchasing process, administration or claims handling. This product will not be made available through any of our services and customers will need to purchase directly through BMS Risk Solutions Pty Ltd.
If you’re interested in trade mark insurance, read the Product Disclosure Statement when available to find out more information and determine if it’s appropriate for your circumstances.