Patent Law FAQ

We offer a wide range of patent enforcement and patent defense insurance, however, our main insurance provider is a program manager for a Lloyd’s of London syndicate that focuses on intellectual property insurance.

With our patent enforcement insurance policies YOU control all aspects of how to enforce your patent. 

Sometimes you may wish to strongly enforce their patent to prevent a specific competitor from operating in your space.  Other times, you may want to obtain a license agreement from a competitor.  Still other times, you may want to cross license your patent for a technology a competitor may have.

In every case, YOU control how the enforcement proceeds.

Patent insurance comes in two basic forms: patent enforcement and patent defense.  Enforcement is where someone infringes your patent and you need to enforce your rights.  Defense is when someone else accuses you of infringing their patents.  This can be a competitor or a patent troll.

Enforcement insurance typically costs about 1-1.5% per year of the total amount of insurance.  For example, $1,000,000 of patent enforcement insurance will cost about $10,000/year.

Defense insurance typically costs about 1.5% per year.  $1,000,000 of patent defense insurance will cost about $15,000/year.

These amounts are guidelines, and your actual premiums will only be determined after due diligence and underwriting.

Absolutely.  We know you have good relationships with your attorneys, and we are happy that you want to use them.

Our only requirement is that the attorneys have prior first-chair experience in intellectual property litigation in federal court.  If your attorney does not have this experience, we are happy to recommend attorneys who do.

We do offer a discount if you use attorneys who we have previously vetted, but you are not required to use them.

BlueIron is a licensed insurance agent, and acts as an insurance wholesaler for many brokers and agents. Please have your insurance agent contact us.

BlueIron does not provide any other insurance other than Intellectual Property related insurance.