Do you need a risk insurance policy for your OSS project? You might not think so at first thought, but then again…you can never have too much protection.

Open Source Risk Management Inc. (OSRM), a New York-based software license compliance analysis vendor, Monday announced the availability of the first risk insurance policy for enterprises who wish to protect themselves from intellectual property lawsuits when they acquire a software company or produce software with open source components.

Open Source Compliance Insurance is the first insurance policy to cover the specialized risks faced by enterprises that rely upon Linux and other open source software in their commercial products or internal IT infrastructure. It will be underwritten by UK-based Kiln PLC and sold by Lloyd’s of London insurance broker Miller Insurance Services Ltd. [Read the rest]

[tags]open source,compliance,insurance,internal it infrastructure[/tags]