Insurance

Insurance

Posted Mar 18, 2004 5:42 UTC (Thu) by frazier (subscriber, #3060)
Parent article: SCO Update

from the article:

...the launch of Open Source Risk Management and its "open source risk protection services." OSRM will sell you an indemnification policy for free software...

Something else to remember in regards to such insurance is if a claim became necessary, would the reserves of the insurance company be deep enough to cover everything? I don't know squat about OSRM but IF they just cover a niche like this and everything were to go wrong, a policy holder would be unlikely to get full compensation as they'd not have the reserves to cover all the claims. A traditional large insurance company has a large base of premiums coming in from a large geographic area so if a city in south central Kansas gets flattened by a tornado there's money to cover the insurance claims since there's policy holders around the country with no claims. If there was just an insurance company for that small town though, regardles of overhead, the damages would greatly exceed the premium base.

---

(Log in to post comments)