Understanding the Landscape of IP Insurance with David Bloom

Summary

In this episode of the VIP Podcast, host Liz Ward speaks with David Bloom from Safeguard IP about the critical intersection of intellectual property (IP) and insurance. David shares his journey from being an IP litigator to founding an insurance company focused on protecting SMEs against the risks associated with IP litigation. The conversation explores the evolution of IP insurance, the growing demand for such products, and the real-world applications and success stories that highlight the importance of having insurance coverage for intellectual property. David emphasizes the need for awareness in the market and how insurance can foster innovation by mitigating the risks associated with litigation.

Takeaways

• David Bloom transitioned from IP litigation to insurance to help SMEs.
• IP insurance addresses the financial barriers faced by smaller businesses.
• The demand for IP insurance has significantly increased in recent years.
• Awareness of IP insurance is still a challenge in the market.
• IP insurance can enhance a company's attractiveness to investors.
• The policies have evolved to become more comprehensive and affordable.
• Design rights are a growing area of interest in IP insurance.
• Insurance can help mitigate risks associated with licensing agreements.
• The insurance market is adapting to cover emerging technologies and data.
• IP insurance fosters an environment for innovation and R&D investment.

Chapters

00:00 Introduction to Intellectual Property and Insurance

04:52 Transition from IP Litigation to Insurance Solutions

09:55 The Evolution of IP Insurance and Market Demand

15:00 Understanding IP Insurance Policies and Their Coverage

20:03 Real-World Applications and Success Stories of IP Insurance

24:54 Challenges and Future of IP Insurance in Various Industries

30:13 Conclusion and Insights on IP Insurance for SMEs