2 to 6% of the limits (i.e. $2,000,000 limit – $40,000 to $60,000)
In the past, there were significant fees associated with obtaining quotes for coverage. Now there are three insurance companies that do not charge to obtain quotes. The underwriting criterion consists of undertaking an assessment and evaluation of the applicant’s products and supporting Intellectual Property Rights.
See our Guide to Patent Defense Insurance on the Huffington Post here.