Recently, with the joint efforts of the State Intellectual Property Office and the people's property insurance company of China (hereinafter referred to as PICC Property Insurance), Wuxi Intellectual Property Office, PICC Property Insurance Wuxi Branch (hereinafter referred to as PICC Property Insurance) and Jiangsu Zhongdu Guomai Intellectual Property Operation Co., Ltd. (hereinafter referred to as "Zhongdu Guomai") signed an intellectual property appraisal contract The professional liability insurance contract, which provides a total of 2 million yuan of risk protection for Zhongdu Guomai, is the first professional liability insurance for intellectual property assets appraisal in China.

The professional liability insurance of intellectual property assets evaluation is mainly for the evaluation institutions, which guarantees the economic losses and legal investigation expenses caused by the evaluation of intellectual property assets, and fills the blank of risk guarantee in the process of pledge financing evaluation. In the professional liability insurance contract of intellectual property assets appraisal signed by PICC Wuxi and Zhongdu Guomai, the insurance amount is 2 million yuan. During the insurance period, if the intellectual property assets appraisal risk occurs in Zhongdu Guomai, Wuxi PICC will bear a total compensation of 2 million yuan for it within the scope of insurance liability and insured amount. At the same time, according to relevant policies, Wuxi Municipal Bureau will provide Zhongdu Guomai with 50% of the actual premium.

The professional liability insurance of intellectual property assets appraisal plays a positive role in reducing the risk of the participants, improving the enthusiasm of all parties and promoting the virtuous cycle of intellectual property pledge financing. Next, the State Intellectual Property Office will support insurance institutions to meet the needs of various market entities, further improve the intellectual insurance product system, and effectively share the financial risks of intellectual property.