What is patent insurance?

? Regarding this novelty, Peng Jun, general manager of China PICC Zhenjiang Branch, said that this is a new commercial insurance product after the introduction of intellectual property protection in financial insurance. After paying the small patent insurance premium, the investigation, litigation, attorney fees and other expenses incurred in the process of patent protection can be supported by insurance companies with high economic insurance, which can eliminate the concerns of small and medium-sized enterprises and reduce the cost of rights protection. Patent implementation insurance is the first type of patent insurance pilot. Patent enforcement insurance is to compensate the patentee for excluding others' right to use the patent through legal procedures, and its purpose is to protect the patentee's own interests or reduce losses to a minimum.