Hero Image

Law Makes Companies Liable for Non-employee Labor Violations

A new law makes California employers liable for certain damages and penalties on wage-related issues for workers employed by other companies but working for California employers

Get instant small business insurance quotes

Can't find your industry?

800.668.7020 | M-F 8:00 AM to 5:30PM Central

4.9 out of 5 Customer Rating

Read reviews...


Home > News

Patent lawsuits - and need for insurance - on the rise

Patent lawsuits - and need for insurance - on the rise. Published: 3/14/2012

Attorney James Denaro, a patent infringement expert, recently spoke with Tom Field, a representative from Information Security Media Group, to discuss how organizations can avoid legal battles related to software and technology patents.

"We've ... seen a substantial increase in the number of patent lawsuits being filed where patents covering information security are at stake," Denaro said in the interview. "For companies that are innovating in information security, they can use the patent process to their advantage in a lot of cases."

When businesses are able to obtain patents, they are able to license their technology to companies and use it as a revenue source, while they also protect their intellectual property and gain additional revenue through patent infringement lawsuits, according to Denaro.

Professional liability insurance gives businesses the necessary funding to help them afford these costly lawsuits should they be unavoidable.

According to Entrepreneurship.org, the costs of obtaining a patent are often worth it, due to the amount of money that can be won on lawsuits protecting intellectual property. Underscoring the importance of having the proper insurance coverage in place, the website also pointed out that attorneys' fees alone can run to hundreds of thousands of dollars in patent cases.

Packaged Coverage at Discount Rate

Learn More

Customer Review

"We were not only pleased with the insurance product but more important - your skilled and professional staff. Corina Conyne did an excellent job in managing the whole process: from answering questions and providing important information. When your management staff hires talented people such as Corina, it speaks very well of the standards by which you operate by. We are very pleased that we found out about your company and it's services." Thank you. Tim Klubnikin

Hero Image

4.9 out of 5 Customer Rating
Read reviews..

Get Free Quotes!