Patent Attorney and Founder
And so from an enforcement standpoint, the process is pretty simple. You come to me or a person comes to me and they say, “Hey Matt, I’ve got this patent, I’ve got this trademark, I want to place enforcement coverage on it. Can you tell me what it would look like?”
At first brush, what I’m going to do is I can either do it myself, or I’m going to take it to one of my patent attorney underwriters and say, “Hey, can you help me understand what this risk is and maybe what an enforcement policy on this patent might look like?” For a single patent, we can get as low as less than a percent rate online. When I say rate online, that is the percentage of policy limits for a policy year. That’s what the premium would be. So, if it’s less than a percent and you’re looking at a hundred thousand dollars, you’re looking at less than a thousand dollars a year to get enforcement coverage.