Step One for Your Patent: IP Insurance
Why bother getting a patent if you cannot enforce it? IP enforcement insurance is the first step that any entrepreneur needs to take when they think about getting a patent. This advice applies to everyone from an independent inventor to startup company to a big corporation. Enforcement insurance is the first step to turn an…Read More
How Much Patent Insurance Do I Need?
Your need for patent insurance changes as you grow from a pure idea to a full-fledged company selling patented products and services. Independent Inventors Independent inventors or ‘hobbyist inventors’ create inventions with a goal to monetize the invention. Monetization is typically through licensing to a manufacturer, or through sales of your product/service. Independent inventors typically…Read More
Doing What is Best for Your Company, Not Just What You Can Afford
It is true that you only have so much money and that, as a startup company or a member of the Fortune 500, you have to make a financial tradeoff on every decision. With IP protection and patents especially, many entrepreneurs or business managers have a murky understanding about how the system works. On one…Read More
Spot On Insurance Podcast
I was a guest on the Spot On Insurance Podcast. We had a great conversation about my journey as a patent attorney and how I got into the insurance business. Ted and Arleen are great hosts and made the process wonderfully smooth. Have a listen! You can listen to the podcast here.Read More
Leveling the Playing Field for Patents
Unsaid in all of the discussion about patents: how are we going to pay for enforcement? It may be all well and good to have the right patents at the right time, but you are powerless to do anything unless you have an enormous bankroll. Small Companies Have the Most to Lose In many ways,…Read More
What Are Insurance Premiums, Policy Limits, and Deductibles?
Every insurance policy uses the terms premiums, policy limits, and deductibles. These key components help you understand what you are paying, how much the insurance company will pay for a loss, and what your portion of the expenses will be. What are Premiums? A premium is the fee you pay for your insurance policy. Just…Read More
What Is Litigation Insurance?
Litigation insurance protects you if you are in a lawsuit. (This is different from insurance litigation, which is the topic of lawsuits regarding insurance.) Patent enforcement insurance and patent defense insurance are two examples of litigation insurance. Patent enforcement policies pay when you assert your patents against a competitor. In other words, the insurance policy…Read More
Early Intervention with IP Insurance
How actively using Intellectual Property insurance can help small players negotiate with giant companies. Intellectual property insurance – patent insurance specifically – comes in two main categories: enforcement policies and defense policies. In this scenario, we are going to discuss enforcement policies where a company has a patent portfolio and is engaging a larger company…Read More
Edison and Swan: Patents in the Real World
There are countless papers written about Thomas Edison and his lightbulb invention. Edison is hailed as a prodigious inventor, with over 1000 US patents. However, the story of the lightbulb has several interesting lessons to teach. Having a Patent Does *NOT* Mean You Have a Monopoly. It Means You Have a Trading Card. Contrary to…Read More
What is an insurance declaration page?
Purchasing insurance can provide you with peace of mind in knowing that your business and possessions are secure. When your policy goes into effect, you’ll receive a multi-page booklet outlining the important facts of your coverage. Reviewing all of that material can be intimidating, but here’s a hint: the main aspects are presented on the…Read More