To encourage enterprises to actively respond to overseas intellectual property litigation and improve the ability of Chinese enterprises to use intellectual property system to protect their own rights and interests and cope with intellectual property risks when “going out”, the Beijing Intellectual Property Office recently launched the 2023 Beijing Intellectual Property Overseas Dispute Legal Fee Insurance Pilot Project. Enterprises interested in participating need to apply for insurance between July 5 and August 25.

The pilot project supports enterprises in the city that have more overseas export business, such as single-item champion enterprises, leading enterprises, Beijing special new enterprises, ten high-end precision industries enterprises and so on. The requirements for insured enterprises are: legally established, registered address in the city; legally operated, no illegal records in the past two years, not included in the “Credit China” dishonesty punishment object; insured products are products sold overseas by the pilot insured enterprises during the insurance period, the insurance company does not insure potential litigation products that are known. Enterprises that obtain insurance from the pilot insurance company can be given a certain proportion of premium subsidies: during the pilot work period, each enterprise is subsidized according to the standard of not exceeding 80% of the premium for one insurance and not exceeding 800,000 yuan.

This year, the Beijing Intellectual Property Office selected China People’s Property Insurance Co., Ltd. Beijing Branch as this year’s pilot insurance company through public bidding, which is responsible for organizing the city’s intellectual property overseas dispute legal fee insurance pilot insurance work. The pilot insurance product is “China People’s Property Insurance Co., Ltd. Intellectual Property Overseas Dispute Legal Fee Insurance”, the main insurance liability is that during the insurance period, the insured person manufactures, uses, imports, sells and so on cellular devices compliant with 2G, 3G, 4G and 5G telecommunications standards without authorization in the process of engaging in products specified in the insurance policy, to cope with patent and trademark infringement lawsuits filed against the insured person for the first time during the insurance period, and in the covered area to pay litigation costs and other necessary and reasonable legal fees agreed in writing by the insurer in advance. The cumulative compensation limit for the whole policy is 6 million yuan, and the insurance period is one year.