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   Author  Topic: Liability Insurance for Pat. Agent(s) Questions  (Read 1935 times)
Liability Insurance for Pat. Agent(s) Questions
« on: Jan 4th, 2008, 9:56am »
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Does anyone have any advice with regards to getting malpractice insurance for patent agents (specifically individual patent agents)?  I have heard conflicting things on the availability or ease of getting a malpractice insurance policy from several patent lawyers that I have spoken with.  
-  What are reputable malpractice insurance companies?  
-  Can new patent agents get a policy?  
-  What are the typical policy costs for a new patent agent?  
-  Any other thoughts, opinions, or advice is much appreciated.
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Junior Member


Posts: 81
Re: Liability Insurance for Pat. Agent(s) Question
« Reply #1 on: Jan 4th, 2008, 11:47pm »
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There are some insurance agents who specialize in malpractice insurance for patent attorneys.  They sometimes show up at trade shows like ABA-IPL meetings.  At one time AIPLA's economic surveys asked about malpractice insurance agents, I think.  I don't know if it would be much different for patent agents.
I just found the 2007 AIPLA Survey.  Companies listed include ALAS, ALPS, CNA, Columbia Casualty, General Star, Great American, Jamieson (I think they are an agent), Lloyds of London, Minnesota Mutual, Oregon Professional Liability Fund, St. Paul, Westport, and others.  Cost per attorney ranged from $2745 to $10,794 but that may have more to do with the firm than with the companies.
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Deepak Malhotra, JD, BSEE
Registered Patent Attorney
Malhotra Law Firm
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