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

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…

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

What does an insurance claims adjuster do?

A claims adjuster reviews insurance claims and establishes whether or not – and how much – an insurance company will pay an insured. Each case is reviewed by a claims adjuster who speaks with the claimant, interviews any witnesses, researches records (such as police or medical records), and inspects any connected property. What does an…

Read More

The difference between the actual cash value and replacement cost

Setting a limit on your insurance coverage is simple, but choosing between actual cash value and replacement cost reimbursement is not always as straightforward. If you have insurance, replacement cost coverage is the best option if you need to file a significant claim. This coverage, however, comes at a cost — one that may not…

Read More

Primary vs Excess Insurance Coverage

Primary insurance kicks in immediately when you suffer a loss, and excess handles any extra loss when primary coverage is used up. The insurance carrier holding the “primary” policy normally has the first and main duty to defend any claims made against the insured (person or entity for whom the policy is written). An excess…

Read More

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…

Read More

What is an Insurance Claim?

An insurance claim is a formal request for coverage under an insurance policy. When you file an insurance claim, you are informing the insurance company of a loss and requesting them to cover you. Filing an insurance claim is the start of a process for making you whole under the insurance policy. Its is why…

Read More