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Ron Reardon
In last month’s President’s Message, I shared with you another of the
benefits of being a member of NAPP—the NAPP® Job Bank. This month’s
highlight is access to Professional Liability Insurance.
Appropriate insurance coverage is critical to the success
and proper management of any professional practice, including that of a busy
patent practitioner. That's why the NAPP has worked closely with Dominion
Insurance Services, Inc. to develop a professional liability insurance policy
specifically tailored to the needs of patent practitioners.
Covered professional services under the standard policy form
include the following:
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Conducting patent
searches;
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Rendering opinions regarding
patentability;
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Preparing patent
applications;
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Prosecuting U.S. patent
applications;
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Performing Patent Cooperation
Treaty filings;
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Recording patent assignments;
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Recording licensing agreements;
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Performing
patent maintenance filings.
By endorsement under the NAPP® Plus program, coverage can be
expanded to also include:
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Rendering market clearance opinions;
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Performing trademark or copyright work; and
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Serving as an expert witness.
The NAPP® Plus program also includes expanded coverage for
the defense of professional disciplinary actions, as well as a 50% reduction in
the deductible for claims resolved by means of Alternative Dispute Resolution.
Premium discounts are available to members who have
completed the NAPP® Certification Program.
To apply for patent practitioner professional liability
insurance, log on to the Member Center at
www.napp.org and simply download and complete the application form, together
with all relevant supplements. The application can be completed on-line.
When you provide professional services to others, it
is important to have the coverage provided by professional liability insurance.
The peace of mind that accompanies such coverage allows you to focus on your
practice so you can succeed in today's competitive and challenging environment.
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