Open-Source Insurance

* * Beatles-Beatles writes to tell us that several insurance agencies have formed a partnership to offer open-source compliance insurance. From the article: " 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."

Comments

FUD?

[griffinn]

Much better to take on an insurance against SCO than this FUD disguised as "insurance".

Re:Arabian Camel Trains

[patio11]

If you never filed a claim under the camel system, you still didn't get your money back if *someone else* filed the claim. Now extend the camel system to cover 400,000 camels for a small insurance firm. And furthermore, one unlucky camel every year doesn't just get lost, he gets ordered by a judge into the custody of a third party along with 99 camels that that trader doesn't own, with the lawyer getting fourty of them on contingency fee, because the camel stamped on some idiot's foot after the idiot tried to fit him through the eye of a needle in a fit of curiosity.

Re:How about EULA licence-violations?

[Flyboy Connor]

I thought you couldn't insure yourself against "Acts of God".

Re:How about EULA licence-violations?

[zcat_NZ]

There is a difference between Bill Gates and God.. .. God doesn't think he's Bill Gates.

Re:Then and now

[indifferent children]

I don't think this insurance company is going to last very long.

Lloyds of London was founded in 1774 and will be raking it in long after your death. Thanks for the chuckle though.