Insurer launches $10 million open-source policy

Iria · Oct 31, 2005, 09:00 PM

Three organizations have partnered to offer corporate customers some insurance against the legal risks that can stem from the use of open-source software.

Insurance underwriter Kiln, which is a Lloyd's of London division, and Miller Insurance Services on Monday said they will offer open-source compliance insurance. New York-based Open Source Risk Management will be the exclusive risk assessor.

The insurance will cover up to $10 million in damages, including profit losses related to noncompliance with an open-source software license. The policy could, in some cases, cover the cost of repairing code that was found to infringe on open-source licenses such as the General Public License, which is used with the Linux operating system.
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Read More / Source: ZDNet

Oct 31, 2005, 09:00 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Insurer launches $10 million open-source policy Three organizations have partnered to offer corporate customers some insurance against the legal risks that can stem from the use of open-source software. Insurance underwriter Kiln, which is a Lloyd's of London division, and Miller Insurance Services on Monday said they will offer open-source compliance insurance. New York-based Open Source Risk Management will be the exclusive risk assessor. The insurance will cover up to $10 million in damages, including profit losses related to noncompliance with an open-source software license. The policy could, in some cases, cover the cost of repairing code that was found to infringe on open-source licenses such as the General Public License, which is used with the Linux operating system. ___________ Read More / Source: ZDNet