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Broker launches open source insurance

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OSS

A US brokerage is offering insurance against the possibility of being sued for using non-commercial software.

R J Kiln & Co, an international insurance group, is underwriting the policies which indemnify the user for up to $10m.

Users are covered for loss of profits if they have to stop using open source code, any impaired valuation of an acquisition agreement exchanging open source software, and in certain circumstances some of the costs of replacing code.

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