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Bob Fletcher in Korea!!! - on June 29th, IPISC President Bob Fletcher spoke at the 2018 Global IP Finance Conference, hosted by the Korean IP Office. Bob's talk was: "The Development and Status of the IP Insurance Market". |
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With our IP Defense Insurance policy, we protect your company from accusations of infringement. With litigation fees that can cost you upwards of a million dollars or more, of your hard-earned monies, why assume all of the financial risk and worries yourself - cut costs now!
With our IP Enforcement Insurance policy, we help you protect your company's valuable patents, copyrights, trademarks and trade secrets -- that you worked and invested so much for -- reducing the costs to help you stop copycats from stealing your just rewards.
With our Collateral Protection Insurance (CPI) policy, we insure the value of your IP to use as collateral for a loan, helping you obtain millions in financing without having to give up precious equity. Your high quality patents deserve low-cost investment support.
With our Unauthorized Disclosure Insurance policy, we protect you from charges that you, your employees or subcontractors disclosed confidential information of others (trade secrets or proprietary information) entrusted to your company, whether the disclosure was accidental or not.
There is much value in the patents, copyrights, trademarks, trade secrets and other IP rights in your company's products and services. Properly assessed, this value can be monetized, funding for your company to use to grow.
The power of IPISC's Collateral Protection Insurance (CPI) Policy is that the CPI policy insures this value, the value of your IP, for a multi-year period (typically 3 years). Your IP, plus the CPI policy, then becomes a financial asset, which you can use as collateral for loan.
By paying the equivalent of some extra interest on the loan (i.e., the cost of the CPI policy premiums and fees), you can obtain funding without giving up equity. Which do you prefer, paying 10% for a multi-million dollar loan (5% interest and 5% as policy fees), or giving up 10% - or more - of the equiity of your company?
Greg Henson, President/CEO of Heartland Tanning said, "The insurance policy is a silent shield. When we were sued, the plaintiff had no idea that we had insurance. Their intention was to bully us out of the business with threats of time consuming and expensive litigation. I will never forget the conference call when our attorney dropped the bomb on them, 'our client has a 5 million dollar patent insurance policy. It's not their money. Let's go.' You could have heard a pin drop...." read more!
Ed O'Connor, CFO of Octane Fitness said, "IPISC's litigation management team has managed our claim highly effectively and recommended an excellent legal team that is well versed in IP litigation. All legal invoices are closely reviewed, holding the legal firms accountable for their billings. IPISC is reasonable and fair to work with and has earned our trust. One question always comes to mind when working with insurance companies; will they be there for you when you need them-...." read more!
Jonathan Turner, President of Turnasure, LLC said, "A benefit, to having an enforcement policy through IPISC, is the Early Intervention Services, which sends letters on the policyholder's behalf stating they have insurance to enforce their IP rights. More recently we saw a company advertising our product without our permission, and we asked IPISC's team to send them an Early Intervention letter on our behalf...." read more!
Mr. Fletcher is the President and CEO of Intellectual Property Insurance Services Corporation (IPISC).
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Ms. VanMeter is Executive Vice President and Treasurer of Intellectual Property Insurance Services.
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Mr. Baxter is Underwriting Manager and Associate General Counsel at IPISC.
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Mr. Ritter is Assistance VP & Senior Account Representative employed by IPISC 25 years selling Abatement and Defense Insurance.
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