Abstract: In a method and system for providing a software support insurance (SSI) policy, an authorized copy of a source code for a software product is received. A software risk index for the software product is assessed, where the software risk index is a function of the source code, a support risk index is assessed, where the support risk index is a function of a time duration to support the source code, and a failure risk index is assessed, where the failure risk index is a function of a financial health of a provider of the software product. A premium for the SSI policy is computed as a function of the software risk index, the support risk index, and the failure risk index. The SSI policy provides insurance protection to the buyer to cover real and/or actual losses and also provides on-going technical assistance to the buyer.