Language Selection

English French German Italian Portuguese Spanish

First-ever Open Source Compliance Insurance

Filed under
OSS

Kiln plc of London, U.K., a Lloyd's of London underwriter and Miller Insurance Services Limited (Miller) a Lloyd's broker, announced today that they will offer a new product called Open Source Compliance Insurance. Open Source Compliance Insurance is the world's first insurance policy to cover the specialized risks faced by enterprises that include or rely upon elements of Linux and other open source software in their commercial products or internal IT infrastructure.

Open Source Compliance Insurance will initially offer cover of up to $10 million for direct loss suffered by the insured following a finding of non-compliance with specific license agreements under which open source code is obtainable. The insurance will indemnify the insured for the loss of profits associated with the withdrawal or alteration of a product incorporating non-compliant code or the impaired valuation of an acquisition agreement exchanging open source software. In certain circumstances the policy would pay the costs to mitigate such losses including the expense of repair or replacement of code that is found to infringe upon the General Public License (GPL) or other Open Source licenses. This pioneering product was developed as part of a three way collaboration between Miller (the broker), Kiln (underwriter) and Open Source Risk Management (OSRM) of New York, which will act as the exclusive worldwide risk-assessor and advisor under the facility.

Full Story.

More in Tux Machines

6 Ideal Last Minute Linux Xmas Gift Ideas

Christmas, Yule, Winterville, new socks day… Whatever you call it you’ll be panic stricken to hear that it’s almost here. Like the rest of us in denial, you are a little stumped for ideas. Read more

Reviewing 2014, Penguin Porn, and Dropping Distros

Today in Linux news are several reviews of the events of 2014. Elsewhere Linux.conf.au lost its hashtag to an adult entertainment awards and another Linux security flaw is making the news rounds. KDE 3-clone Trinity desktop saw a new release and Bruce Byfield asks why the number of Linux distributions are declining. Read more

Firefox OS Expands to Nearly 30 Countries

Firefox OS has brought choice to the mobile industry with 14 smartphones offered by 14 operators in 28 countries. Firefox OS unlocks mobile ecosystem participants from the barriers set by proprietary systems, allowing for independence, control and innovation. Read more

Red Hat Brings Business Intelligence and Data Analysis Suite to the Public Cloud

Red Hat (RHT) has broadened the deployment options for its integrated data analysis and business intelligence platform with the announcement that Red Hat Enterprise Linux for SAP HANA can now run across a variety of public cloud providers that Red Hat has certified, as well as on new hardware configurations. Read more