The Intellectual Property Law Server

Welcome, Guest. Please Login or Register.
May 22nd, 2019, 11:19am

Forums Forums Help Help Search Search Members Members Calendar Calendar Login Login Register Register
   Intellectual Property Forums
  
  
Patent Litigation
(Moderators: Forum Admin, JimIvey, JSonnabend)
   Patent Litigation Insurance
« Previous topic | Next topic »
Pages: 1  Reply Reply Send Topic Send Topic Print Print
   Author  Topic: Patent Litigation Insurance  (Read 789 times)
DJoshEsq
Full Member
***




   
Email

Posts: 104
Patent Litigation Insurance
« on: Dec 11th, 2007, 11:41am »
Quote Quote Modify Modify

does anyone here provide IP litigation insurance. I have a few clients that may be interested.  I am also looking for experience in this area as far as companies that may be interested in retaining legal counsel prior to issuing a policy to a company.
IP Logged

D. Joshua Smith, Esq.
Registered Patent Attorney
McDonald Hopkins, LLC
Cleveland, OH
216-348-5400
bcapehart
Newbie
*




   
Email

Posts: 41
Re: Patent Litigation Insurance
« Reply #1 on: Dec 11th, 2007, 12:33pm »
Quote Quote Modify Modify

Most E&O policies specifically exempt IP claims from coverage.  Most companies do not provide this type of coverage due to the risk of high damages.  (It only takes one $10 million verdict to ruin the end of year bonuses)
 
If a company would like a rider that provides for such coverage, they should be aware that such coveage is expensive.  Coverage is out there.  Your clients could start by talking to their agent of their current E&O provider.  If they don't provide this type of coverage, ask the agent for recommendations.
 
I'm assuming your clients would be insterested in IP litigation insurance from a defensive position.  While some companies would like to have insurance in the event that their super-hot, patented technology is infringed, such coverage is rare and much more expensive than coverage from a defensive position.
 
If you have any questions, let me know.
I hope this helps.
Brent
IP Logged

Brent A. Capehart
Patents, Trademarks, Copyrights
Deep in the Ozark Mountains
bcapehart@ozarklawyer.com
Pages: 1  Reply Reply Send Topic Send Topic Print Print

« Previous topic | Next topic »
Powered by YaBB 1 Gold - SP 1.3.2!
Forum software copyright 2000-2004 Yet another Bulletin Board