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.

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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,…

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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…

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What Is Product Recall Insurance?

A product recall is a request from a manufacturer to a customer to return a product. The product may be defective or has an unidentified risk of harm that was not initially recognized by the maker. A recall allows the maker to make changes to the product(s) to ensure maximum safety and efficacy. Product recalls…

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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…

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What Insurance Brokers Do

Insurance brokers assist you in finding the best coverage for your needs, but they are not required for everyone. When shopping for insurance, it’s a good idea to seek quotes from several companies to discover the best deal. While practically anybody can compare prices online, in some circumstances, having someone walk you through your options…

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What Is Subrogation?

Subrogation is when an insurance company steps in your shoes to recover damages. Under subrogation, the insurance company can pursue a third party who is responsible for your loss. To settle the claim, the insurance company pays you for the loss you incurred, then goes after the person who caused it. Subrogation: An Overview Subrogation…

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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…

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Questions to Ask Clients about IP Insurance

As an independent broker, your success is tied to the value you bring to your clients. By asking the right questions, uncovering a business’s risks, and having the right insurance policies available, you are helping companies prepare – and survive – their worst moments. Intellectual property risks are sophisticated, highly nuanced, and badly-understood part of…

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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…

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