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So when is someone going to start a company offering small startups patent troll insurance? Obviously, Congress isn't going to fix anything. Other solutions nee
by naner 14y ago
So when is someone going to start a company offering small startups patent troll insurance? Obviously, Congress isn't going to fix anything. Other solutions need to be explored.
- alainbryden 14y agoI'm guessing no insurance company wants to get the middle of monitoring everything a software company does to make sure it isn't deliberately trying to get away with infringing on a bunch of patents to cut corners because they know their butt is covered by their insurance. Essentially, it would be too easy for dishonest people to take advantage of it, and too difficult for insurance companies to gather relevant metrics and set a reasonable price.
- spiredigital 14y agoThat's a really great idea. I'd purchase troll insurance! Unfortunately, I think you're right about Congress. It will likely require the issue spinning wildly out of the control - and a subsequent outcry - to get anything done. If we start talking about the issue now, hopefully that process won't take nearly as long....
- redsymbol 14y agoIn researching one for my own startup, one I came across is http://www.patentinsurance.com/ http://www.patentinsurance.com/ . I don't know much about them except what's on their website, so do not endorse them, except to say that I would like to enroll my company in either their service, or a similar one soon. The offering I am most interested in is what they call "IP Defense Insurance". Basically, in the event a troll attacks, this provides a war chest for my court defense costs. (And hopefully, gives me a chance to maul those punks in court so hard, they regret ever looking our way.)