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There’s nothing new about IP insurance, but New York-based Open Source Risk Management LLC (OSRM) is the first company to specifically target helping companies deal with open-source IP risks.

Daniel Egger, founder and president, announced at San Francisco’s Open Source Business Conference this week that the company will launch its consulting service immediately to be followed in about a month by an insurance-like IP indemnification plan for all mainstream Linux distributions.

Specifically, OSRM will use code-scanning and copyright infringement detection technologies, such as that offered by Black Duck Software Inc., to assess a client’s code base to identify any code that might lead to plausible legal claims. OSRM also offers risk-mitigation consulting services, based on its set of best practices protocols. In addition, OSRM will offer indemnification packages, a form of insurance-like protection against open-source-related litigation.

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