Brokers and their prospects are getting the drift: Patent riskcan be a very real and devastating threat for all types ofcompanies, and patent litigation insurance is a critical failsafe. Itis, in fact, as important as any other business insurance— and well worth adding to a P&C productportfolio.

But what should the savvy broker and client look for in a patentinsurance product? What sets a top-tier product apart from itscompetition?

Simple: an actuarial approach to assessing risk based on harddata.

More data = better risk assessment — and a morecustomized policy

As with any type of insurance, one size does not fit all. Healthinsurance premiums, for example, take into account a wide range offactors and details outside the typical sex, age, height andweight.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.