Twin City Group: The World of Intellectual Property Insurance
June 11, 2014
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
- SIR/co-payment (SIR is “self insured retention,” effectively same thing as a copay.
(Please visit our "Also See" section for this presentation.)
"Twin City Group: The World of Intellectual Property Insurance." Patent Troll Summit, 6/11/14.