Boing Boing reports that some Swedish P2P fans are offering their fellow Emule and Bittorrent users a file sharing insurance.

"For a mere 140 SEK ($19 USD) per year, they will pay all your fines and give you a t-shirt if you get convicted for file sharing."

That's cheap - but not entirely new. Serguey Osokine tried to do the same thing in the US with his P2P Fund back in 2003. P2P Fund wanted to establish a collective insurance fund by charging members five dollars per month. Unique about this ideas was that Osokine wanted to redistribute some of the money to artists to compensate them for file sharing - kind of a collective licensing scheme without tiresome licensing negotiations.

The whole thing never took off tho, because there wasn't enough interest. Osokine set the threshold pretty high, too. He was only gonna start P2P Fund if he got pledges for at least one million US-Dollar per year - which apprently never materialized.

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