Oh, The Things We Will Insure!

By Jamie Babecka

Idea Insurance

What is the risk?

The foundation of any business is its owner's and operator's ideas. They could be stolen and used by another party without your consent. This insurance policy will provide monetary compensation to your company if your idea is used by another party without your consent. It will provide compensation until the issue is resolved.

What will be covered:

  • An idea that was conceived by a current employee or affiliate of your company
  • Provides revenue
  • Is conveyed in a detailed, written report
  • Has a working patent, trademark or copyright

The cost:

Basic policies will start at $250 per month, and will insure one "idea". Policies to insure 25 or more will start at $5,000 per month.