Competitive Edge Insurance Services’ Post

Intangible assets like intellectual property (IP) are some of your most valuable possessions, but surprisingly, they remain underinsured!🥲 A new Aon report reveals the average information asset is worth more than physical assets like buildings and equipment! Look at this gap: ✅ Information assets are more valuable than physical assets (average value: $1.24 billion vs. $1.09 billion). ✅ Information assets face higher potential losses (data breaches: $1.15 billion vs. physical asset destruction: $846 million). ✅ Information assets are less likely to be insured (only 19% vs. 60% for physical assets). But here's the ISSUE: ❌ Only 19% of information assets are insured, compared to 60% of physical assets. 🔥 Cyberattacks are surging, putting your IP at risk. The good news? Cyber insurance is becoming more affordable, and standalone IP insurance is gaining traction. What you can do: 1️⃣ Review your cyber insurance coverage 2️⃣ Consider standalone cyber and IP insurance 3️⃣ Clarify AI risk coverage and exclusions in your policies. Let's discuss it! What do you think about this coverage gap? Does your company have a plan to protect its intellectual property?⚠️ #competitiveedge #IPprotection #intellectualproperty #IPinsurance #insurancesolutions #insurancecompany #insuranceinsights #sandiegoinsurance #sandiegoinsuranceagents #sandiegoCA

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