Our
Mission Statement
To pioneer the field of intellectual property insurance, enabling our insureds to protect their products and intellectual property assets, which are essential to their continued economic growth and success, by providing them with the financial resources necessary, through affordable best in class intellectual property litigation risk management solutions, to protect the creations of their intellect, for the benefit of all, with just reward.
About Our Company
Intellectual Property Insurance Services Corporation (IPISC) was founded in 1990 by Robert W. Fletcher. IPISC is the pioneer and worldwide industry leader in intellectual property insurance. IPISC partners with insurance brokers, insurance agents, and clients to provide intellectual property litigation risk management solutions and services that protect our client’s products and intellectual property (i.e., patents, trademarks, copyrights, and trade secrets) rights by providing the financial resources necessary to cover the exorbitant litigation expenses associated with defending against allegations of infringement on the intellectual property rights of others, as well as pursuing those who infringe on their intellectual property rights. IPISC is a managing general agent/underwriter (MGA/MGU) for multiple carriers having an A (Excellent) rating from A.M. Best, AA- (Very Strong) rating from Fitch, and A+ (Strong) rating from S&P. The MGA/MGU functions of IPISC include sales, application processing, underwriting, pricing, financing, binding coverage, accounting, compliance, claims management, and customer service. IPISC is an all-encompassing IP litigation risk management team serving top insurance brokerage groups and insurance agencies, prestigious boutique, midsize and large intellectual property law firms, high-technology companies ranging from start-ups to Fortune 500 companies, and individuals, such as business owners, executives, entrepreneurs, inventors, scientists, authors, artists, and musicians. With our corporate headquarters located in Louisville, Kentucky, IPISC serves brokers, agents, IP law firms, companies, and individuals with IP litigation risk management solutions on a worldwide basis.
Why IPISC
IPISC is the pioneer and worldwide industry leader in intellectual property insurance since 1990. For over 30 years, IPISC has provided companies and individuals with insurance policies that help manage risk associated with the enforcement and defense of intellectual property rights, including patents, copyrights, trademarks, and trade secrets. Given our tremendous success and longevity, IPISC stands out as the pioneer and worldwide industry leader in intellectual property insurance, and we are recognized by top insurance brokers and agents, prestigious IP law firms, successful high-technology companies, and individuals as the renowned experts in IP litigation risk management solutions and services.
Our Core Values
Expertise
We are the global leader in intellectual property insurance. There is absolutely no other insurance company in the world that comes close to our level of depth and breadth of scientific, legal, and insurance industry knowledge and experience in providing intellectual property litigation risk management solutions and services that protect the products and intellectual property rights of our clients.
Diligence
We thoroughly research and analyze the risk associated with each intellectual property defense and enforcement insurance policy that we underwrite to ensure that we completely understand the products, scientific technology, intellectual property assets, legal issues, and insurance risks involved. When our insureds go to court for intellectual property infringement litigation, we ensure that our clients receive the absolute best possible legal representation.
Persistence
We don’t stop at the first obstacle, but instead make every possible effort to find solutions to intellectual property infringement litigation which are mutually beneficial to all parties involved. Just because it hasn’t been done before doesn’t mean that we can’t find a way.
Foresight
We are constantly forward looking. We seek new opportunities not only for our business but also that of our insureds, to protect and promote universal business environments which support entrepreneurship, protect products of the mind and creations of the intellect, facilitate technological innovation, stimulate invention, and promote the progress of science and the useful arts through affordable best in class intellectual property litigation risk management solutions.
Meet Our Team
Our sales and underwriting team members include licensed property and casualty insurance agents, and licensed patent attorneys/agents with extensive legal and scientific backgrounds and experience.
Sheila A. VanMeter
Charles Baxter, Esq.
Bill Ritter
David Stitzel, M.S., Esq.
About Our Founder
Robert W. Fletcher, Esq., CHE, MBA
Founder In Memoriam
It is with great sadness to report IPISC’s President & CEO, Robert (Bob) Fletcher passed away January 10, 2022.
Bob was a registered Patent Attorney and handled intellectual property related matters since 1963. In 1976, Bob was President of HLPM, Inc., a wholly owned subsidiary of a regional investment banking firm. HLPM, Inc. was originally in the business of sale and license back of intellectual property, affording capital gains tax benefits to its clients. During this time, Bob learned from several clients that while licensing and commercializing technology was beneficial, to insure their portfolio of intellectual property and maintain enforceable rights was of more interest. Thus, the motivation evolved to create the IP Enforcement (formerly known as “Abatement”) Insurance.
