Twin City Group: The World of Intellectual Property Insurance

June 11, 2014

Executive Summary

Alex Fjelstad, SVP of Twin City Group, discussed patent infringement insurance. The cost of such insurance is generally 2% of the limit purchased.  For example:

  • 2% of 500,000 limit equals $10,000 per year
  • 2% of $2,000,000 limit equals $40,000 per year

The premium cost based upon a number of factors:

  • Number of products covered
  • Industry
  • SIR/co-payment (SIR is “self insured retention,” effectively same thing as a copay.

(Please visit our "Also See" section for this presentation.)

Source

"Twin City Group: The World of Intellectual Property Insurance." Patent Troll Summit, 6/11/14.