In contrast, patent protection is only available if the information or device is novel and inventive, so it won’t apply to a significant portion of a company’s information. The customer list you’ve spent years developing, the secret formula for Diet Coke ®, or a proprietary operating procedure for a metal coating process are examples of trade secrets. Nearly anything treated with the necessary degree of care can qualify as a trade secret. Is protected by reasonable efforts to secure the trade secret Here are a few tips to help you balance what's most appropriate for the proprietary information in your business:Ī "trade secret" can be any technical, scientific, or business data which:ģ. Upon recovery, we provide a detailed report which allocates all recovered claims and fees to the appropriate parties.How do you determine whether technology-related information will have more value as a trade secret or a patent? Both protection strategies have advantages and disadvantages for certain types of information. You will receive reports on a regular basis which may be used for internal underwriting, financial and operational purposes.
If a problem should surface that needs legal attention during this phase, one of our expert attorneys is readily available to help solve any disputes.Īt McAfee & Taft, we recognize the need for prompt recovery and accurate reporting. Our subrogation team negotiates the entire settlement process, from handling reduction requests to dealing with problems that may arise from an adverse attorney or insurance carrier. Phase IV: Negotiations and settlement process Personal contact is made with the attorneys and third party insurance carriers to gather information and provide updates on claim balances, as well as to ensure your subrogation rights are in place. These liens are monitored and updated until a settlement is achieved. Liens are generated within the system and then provided to the responsible third party. Our case management platform offers a systematic approach to managing cases and member communications. Putting the involved members, insurance carriers and attorneys on notice early in the process both increases the bottom-dollar recovery and decreases misunderstandings among your members. In many cases, police accident reports are ordered and utilized to obtain valuable accident-related details and information.
Members may respond by completing the questionnaire online or returning the completed questionnaire by fax or by mail by using an addressed stamped envelope provided for their convenience. Our follow-up questionnaire is automatically generated if a set number of days has gone by without a response from the member. Upon identification of a possible subrogatable case, our system automatically generates, prints and prepares for mailing the member injury questionnaire.
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After mining the data, all claims with a matched filter code that have met or exceed the client-specified dollar threshold automatically generate an inquiry to the member. Our best-in-class technology filters and scrubs claims data based on a designated set of medical codes, including all ICD-10 diagnosis codes, looking as far out as the sixth field of every claim.
We believe the key to a successful recovery lies in the early detection of subrogatable cases. Phase I: Identifying a potential third-party accident claim McAfee & Taft utilizes best-in-class technology and a proven process that provides for the efficient and timely recovery of claims.
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