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 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…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
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…Read More
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…Read More