When we conducted our Intellectual Property Insurance Market Survey for our April issue, we found 4 sources of Patent Infringement coverage:
- Chartis, with $1 million up to $25 million
- Intellectual Property Insurance Services (IPISC), $250,000 up to $10 million,
- Samian, £250,000 up to £10 million, with excess available, and
- ThinkRisk (for design patent), $10 million
I wonder how often these limits are actually offered (sometimes carriers claim capacity that is rarely offered)?
More importantly, why isn’t more of this insurance purchased. Too complicated? Not well known? Not well understood?
Comments are welcome.