Risky nanobusiness? Get insurance

from the better-insured-than-sorry dept.
Recognizing that some nanotech risks are not dissimilar to biotech risks, McManamey, Brettler & Associates — biotech insurance specialists — have issued a press release that makes clear their willingness to take on the insuring of nanotechnology-based businesses. While it's true that buying insurance doesn't by itself decrease risk, it does set up a financial incentive for all involved to identify and then work to reduce potential safety problems. Makes sense to us.