Patent insurance

Standards Essential Patents: Big Money

Unified Patents had a seminar entitled “Who is Gaming Who? Why 5G Self-Declarations Have Exploded and What to Do About it.” The seminar is a lot of inside baseball, but gives you a good glimpse about how patents are used in developing standards, and how the licensing game is played at the highest levels. Standards-essential…

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What is Directors & Officers Insurance?

Directors and officers (D&O) liability insurance covers directors and officers if they are sued while running a business or a charitable group. The insurance covers the costs and damages (awards and settlements) resulting from legal action, accusations and complaints brought against members of an organization’s board of directors or officers. Anyone who serves as a…

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What is an Insurance Binder?

An insurance binder is a written confirmation that a policy will be provided between you and the insurance carrier. The insurance binder is evidence of insurance that you can use until your actual policy arrives. An insurance binder may be issued for a limited period of time and have an expiration date. Definition of an…

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What is a Freedom to Operate Search?

A “freedom to operate search” is a specialized patent search that identifies your vulnerability to patent lawsuits. An FTO search will compare your product to all the patents that can be asserted against you. The search will highlight the differences between your product and those patents, and give you a legal opinion that you do…

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What Are Loss Run Reports, and Why Do They Matter?

Loss run reports are the insurance industry’s equivalent of credit scores. In the same way that a bank would want to examine your company’s credit score before lending you money, insurers want to see a loss history before granting coverage. A Loss Run Report will assess how well the company is managed and operated. In…

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Why Use An Independent Insurance Broker?

Insurance can be a difficult purchase. It’s not as simple as buying something off the shelf; it’s all about buying a promise of protection that has the potential to make or break your financial well-being. How would you know you are making the best coverage decisions? Are you confident you’re getting the most bang for…

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What is a Broker of Record?

A Broker of Record is the Person who Represents You In the insurance industry, a broker of record is a person who represents an insured and maintains a policy on their behalf. This agent or broker was chosen by the insured to represent them and administer their insurance policy. This agent serves as the person…

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What is the difference between an Admitted vs. Non Admitted Insurance carrier?

When looking for insurance, you might come across the terms “admitted” and “non-admitted” insurance carriers. What is the difference between the two?  Admitted Insurance Carriers An admitted carrier is one that meets state standards and is licensed in the state or country where the insured exposure is located. These regulations differ by state, with some…

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Everything You Need To Know About Insurable Risk

There are several aspects of Insurable Risk. As a result, let’s start by grasping the most basic concepts and then build on the topic as we move forward. The article is supposed to be informational and strives to offer an insight to readers on insurable risk, its requirements, and the pros and cons encompassing the…

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