What This Can Cover:
[+] Patent Infringement
[+] Trademark Infringement
[+] Copyright Infringement
[+] Intellectual Proprerty Coverage
[+] Enforcement of Intellectual Proprerty
[+] Defense of Infringement
[+] Troll Defense
[+] Business Interuption
[+] ...and more!
What is Patent and Itellectual Insurance: Intangible products of human intelligence, especially as one may be entitled to the commercial proceeds of such products, such as patents or copyrights.
[+] It takes 29.8 months for the average patent to gain approval.
There are 591,785 unexamined patent applications waiting to be reviewed.
It takes 4.8 months for a patent to go from track one pendency petition grant to allowance.
In a fiscal year, 408,202 patents are produced.
[+] There are 7,740 patent examiners.
[+] There are 100,403 patents waiting for continued examination at the request of the applicant.
[+] 69.4% of all patents are approved.
Defense Cost: Coverage that reimburses insureds for legal expenses incurred to defend against lawsuits alleging that the insured has committed patent, trademark, or copyright infringement. Since the purpose of the policy is to pay defense costs only, there is no coverage for damages awarded against the insured if it is found that the insured, in fact, infringed upon another's intellectual property. The rationale for this approach is that such infringements are usually (although not always) intentional and that it would be against public policy to provide coverage for the insured's intentional acts.
Infringement Abatement: Coverage that reimburses insureds for legal expenses incurred when an insured enforces a patent, trademark, or copyright against infringers. Since the purpose of the policy is to pay legal costs required to enforce intellectual property rights, there is no coverage for damages suffered by the insured that result from the infringement (e.g., lost profits because a competitor infringed upon a valid patent). The rationale for this approach is that such damages are often, although not always, recovered when an enforcement action is brought against an infringer.
Who We Are:
Orange Insurance is a full service agency and brokerage that will work with you to obtain
drone business insurance
and can help to guide you through the state requirements (if applicable).
We specialize in smaller companies - micro business, solopreneurs, entrepreneurs, mom & pops - those that may want (or require) a more personal touch. New ventures, start-ups and existing companies alike will find our services invaluable...
With access to over 200 carriers we will find you the right general liability insurance and/or bond at the "right" price.
We understand that there are many small businesses and start-ups out there that know what THEY do well, but don't have any idea why they might need insurance or what it is for... We're here to help!