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Insurance Abstract
An insurance, risk transfer, or fidelity bond product to replace
in whole or in part lost income, productivity and/or pay for business,
personnel, and personal expenses if a business or professional person,
employee or key man or owner, is called to serve on jury duty.
Insurance Claims
1. A method for reimbursing a person's, both natural and artificial,
losses due to mandatory government requirements comprising: (a)
providing a means to collect currency, chattels, or other items
of value, (b) using said currency, chattels, or other items of value
to finance a reimbursement program, (c) whereby the losses due to
mandatory government requirements incurred by said person, both
natural and artificial, shall be recoverable from said reimbursement
program.
2. The method of claim 1 wherein said reimbursement program reimburses
said person's, both natural and artificial, losses for participation
in united states federal, state, or territorial jury-duty.
Insurance Description
CROSS-REFERANCE TO RELATED APPLICATIONS
[0001] This application claims the benefit of provisional patent
application Ser. No. 60/642,816 filed Jan. 8, 2005 by the present
inventor.
FEDERALLY SPONSORED RESEARCH
[0002] Not Applicable
SEQUENCE LISTING OR PROGRAM
[0003] Not Applicable
BACKGROUND OF THE INVENTION--FIELD OF INVENTION
[0004] This invention relates to business methods, specifically
an insurance product, risk transfer product, or fidelity bond product
for loss of income and expenses related to serving jury duty.
BACKGROUND OF THE INVENTION--PRIOR ART
[0005] Individuals, companies, corporations or business entity
have not had an insurance product, risk transfer product, or fidelity
bond product to address income loss due to a person being called
for jury duty and/or serving jury duty and the expenses related
to the loss of the personnel and their work product and/or the replacement
of said personnel or having their work assumed by other personnel.
BACKGROUND OF THE INVENTION--OBJECTS AND ADVANTAGES
[0006] Accordingly, several objects and advantages of my invention
are:
[0007] (a) an insurance product, risk transfer product, or fidelity
bond product to replace in whole or in part lost income and/or pay
for business and personnel, and personal expenses if a business
or professional person, employee or key man or owner, is called
to serve on jury duty;
[0008] (b) the business and personal expenses continue on, even
though he or she or the business entity may not be able to produce
the same income or product due to serving on jury duty;
[0009] (c) employed and self employed professionals and small business
owners of all types whose businesses depend on them to personally
render services need jury duty lost income protection;
[0010] (d) lost income due to jury duty service needs to be replaced
in whole or in part with an insurance product income because business
overhead and personal expenses continue;
[0011] (e) insurance, risk transfer, or fidelity bond coverage
is needed for businesses to help cover the financial costs of lost
days from work of an employee who is serving jury duty and;
[0012] (f) this financial loss could be in the form of the cost
for replacement personnel or decreased business productivity from
that jury-serving employee being absent;
[0013] (g) this insurance, risk transfer, or fidelity bond product
can be made available as a business policy, a stand alone policy,
an option or rider to a business policy, homeowners' policy or any
other insurance package that makes this product available to someone
or some business entity seeking this type of insurance product.
[0014] (h) the positive image and publicity this product presents
to the public is tremendous as it allows citizens to more enthusiastically
accept their civic responsibility to serve on a jury and;
[0015] (i) this should allow the product to be recommended and
endorsed by the legal and judicial profession
Further objects and advantages of my invention will become apparent
from a consideration of the ensuing description.
SUMMARY
[0016] My invention is an insurance, risk transfer, or fidelity
bond product to replace in whole or in part lost income, productivity
and/or pay for business, personnel, and personal expenses if a business
or professional person, employee or key man or owner, is called
to serve on jury duty.
DRAWINGS
[0017] Not Applicable
DETAILED DESCRIPTION
[0018] Not Applicable
SEQUENCE LISTING
[0019] Not Applicable |