Patent Insurance: Teflon Coating on Armour?

Patent Insurance: Teflon Coating on Armour?

Patent insurance either pays a company for losses incurred if the company infringes - or is accused of infringing - on someone else's patent. Intellectual Property Insurance Services Corp. of Louisville, Ky. was the only company selling it throughout most of the 1980s in the U.S. Around 1987, a second company called Litigation Risk Management, Inc. from Texas started selling patent insurance through a company called Anco Insurance. There may be more companies selling patent insurance in the U.S. now. Other companies sell patent insurance in Europe.