Toby, your readers should be aware that the general liability and E&O policies you mention do not cover patent infringement. If tech companies really are asking agents “What can I add to make sure I am properly covered?” then they need to be advised of this critical gap in coverage. Patent insurance is much easier to find (and easier to bind!) these days and those small to mid-sized companies you mention are adding it to their coverage with increasing frequency.
Maureen Veterano
Toby, your readers should be aware that the general liability and E&O policies you mention do not cover patent infringement. If tech companies really are asking agents “What can I add to make sure I am properly covered?” then they need to be advised of this critical gap in coverage. Patent insurance is much easier to find (and easier to bind!) these days and those small to mid-sized companies you mention are adding it to their coverage with increasing frequency.
Maureen Veterano