The nation's first comprehensive IP insurance policy was issued to a company in Suzhou Industry Park. According to the policy, Sinoma Science & Technology Co Ltd paid $50,000 to Cathay Insurance, which will undertake its risks of all IP lawsuits for a year, with a compensation ceiling of $1 million. The insured company has half of its sales overseas. If it encounters IP disputes the insurer's legal representative is authorized to directly participate in all legal actions.

(Source: China Daily)