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
-
Wildfire AI-powered drone detection
Revenue $500K
Tech E&O / cyber $2M
Premium $18K
GL $1M/$2M
Premium $2K
-
Artist booking platform
Revenue $1.5M
Tech E&O / cyber $2M
Premium $8.5K
-
Chef influencer
Revenue $100K
Media $1M
Premium $1.8K
-
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