When it comes to looking out for the insurance interests of the worldwide entertainment industry, no company works harder at making sure its policies are completely current with the times than Take1 Entertainment Insurance, a division of U.S. Risk Insurance Group, Inc. Today, Take1 demonstrated the extent of its commitment with the announcement that, effective immediately, it was amending its policies on software, media, and data storage devices to include all reusable media that is part of or attached to photographic, video, and sound recording equipment.
Furthermore, according to Take1 Executive Vice President and Program Director Scott Carroll, the new policy amendment automatically extends to all current policy holders, thus eliminating the need for clients to reapply for the added protection coverage. “This is a very big deal. No one is more in touch with the needs of the entertainment industry than Take1,” Carroll asserted today.
“The vast majority of today’s entertainment content is created and stored on reusable media and it’s critically important that the creators of this content be able to rest assured that the content they produce is protected just like every other piece of equipment they use.”
Carroll emphasized that, very often, recording media of all types are excluded from coverage in most policies written by other insurance providers. “We believe that doing so is a genuine disservice to our clients,” Carroll explained. “After all, the content is the most value asset that should be protected. We can help provide this peace of mind by covering the media connected to a client’s recording equipment.”