Patent litigation has become a viable market for a number of public companies that acquire patents in bulk and then make money through litigation, but a unique new insurance option should calm the nerves of tech startups and others at risk of falling victim to these patent trolling tactics.
RPX Insurance announced this week a new patent litigation insurance policy which would, in effect, act as a cushion for startups and small businesses that face litigation from non-practicing entities (NPE’s).
“This is a game changer because it levels the playing field for small companies by transforming a previously uninsurable threat into a manageable business risk,” said John A. Amster, Chief Executive and Co-founder of RPX, in a press release.
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