The latest from our technology, media and IP teams

We’re a busy bunch at CFC so we wanted to share the latest and greatest news from your favourite tech, media and IP teams!

Technology Article 2 min Thu, Aug 15, 2024

Check out our explainer on patent insurance, some recent risks, team mate spotlight, and much more! 

 

What is patent insurance?

Patent insurance is a financial product designed to protect patent holders from the costs associated with defending their patents or pursuing legal action against patent infringers. It typically covers legal fees, damages, and settlement costs incurred during patent disputes. This insurance provides a safety net against the financial risks of patent litigation, encouraging innovation by offering reassurance to patent holders that their intellectual property is safeguarded.

 

Recent risks

  1. Wildfire AI-powered drone detection

    Revenue $500K

    Tech E&O / cyber $2M

    Premium $18K

    GL $1M/$2M

    Premium $2K

  2. Artist booking platform

    Revenue $1.5M

    Tech E&O / cyber $2M

    Premium $8.5K

  3. Chef influencer

    Revenue $100K

    Media $1M

    Premium $1.8K

  4. AI autonomous driving software

    Start up

    Limit $5M

    Premium $58K

In case you missed it

We can offer media coverage on a claims made, or occurrence basis. Please ask one of our friendly media underwriters for more details.

 

Spotlight

Michael Brunero is coming up to his 10th anniversary at CFC and currently heads up the Tech, Media and IP department. So annoying is his trademark cackle that in his tenure at CFC he has moved around multiple teams from professions, to tech and media, cyber and management liability to give each a reprieve

from him. He originally hails from Wollongong Australia (‘The Gong’) where prior to working in insurance he worked in private legal practice working in both civil and criminal fields. Unsurprisingly, he has no regrets trading murderers for insurance agents.

 

News flash

We no longer have a revenue cap on technology companies!

 

Looking for something else? If you have any questions or want to say hello, just email tech@cfc.com