Methods and systems for insuring an entity's exposure to liability
US7395218B2 · kind B2 · utility
Inventors
Key dates
| Filing date | Mar 2, 2001 |
| Grant date | Jul 1, 2008 |
| Priority date | — |
| Expiry date | Mar 30, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for insuring an entity's exposure to liability created when a member resigns from the entity includes receiving information pertaining to an entity and a member, receiving information pertaining to the initiation fee, and processing the received information to track premium, coverage and claims relating to the initiation fee of the member. A system for implementing an insurance program for an entity's initiation fees includes at least one user device and a server connected to the user device. The server is configured to receive, via the at least one user device, information pertaining to an initiation fee insurance program. The server is also configured to process the received information and transmit information to the user device regarding whether the initiation fee insurance application has been accepted or rejected.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.