Protect Your Business
Protecting the long-term future of your new business is crucial. Important things to consider include:
All businesses are vulnerable to risks such as contractual disputes or accidental damage. It’s essential to identify the risks to your new business and take out appropriate insurance cover. It’s also important to remember that some types of insurance are required by law.
Protect your intellectual property
Intellectual property (IP) is something that you create using your mind, such as a story, invention or artistic work.
Having the right type of IP protection helps you prevent people from stealing or copying:
- Brand or product names.
- Product designs.
- Things you write or create.
Copyright, patents, designs and trade marks are all types of IP protection. You get some types of protection automatically, others you will need to apply for.
To protect your IP, it’s essential to:
- Understand the different types of IP rights and how they might apply to you and your business.
- Take steps to protect your IP as early as possible.
- Seek professional advice if you are unsure if your IP is protected.
Identify risks to your business
Any business can experience a serious incident that prevents it from continuing its normal operations. A business continuity plan can help you identify and mitigate risks to your business. It will also help you get back up and running more quickly in the event of an incident.
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