If patent insurance hasn't historically been top of mind for business owners, it definitely should be today. Let's face it: We live in a litigious world. This, coupled with the fact that technologies and the related patents overlap, can cause any business that makes, sells or uses technology to become a prime target for patent litigation.
It also makes them ideal candidates for patent insurance.
Still, brokers and their clients are just catching on to the importance of patent insurance in transferring risk. Let's review both the big picture and the specifics to emphasize the importance of this critical coverage.
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