The Nashville Songwriters Association International (NSAI) and Frost Specialty today (7/15) announced the creation of the first-of-its-kind Group Copyright Infringement Insurance Policy for songwriters. This unique group insurance plan will dramatically reduce the cost of infringement-insurance premiums while establishing lower available coverage limits.
“Until now, this kind of coverage was cost prohibitive or unavailable to most songwriters,” said NSAI President, Grammy-nominated songwriter Steve Bogard. “Typically a songwriter or composer had to purchase a minimum of $1,000,000 in infringement coverage when in fact, the majority of infringement claims are resolved for less than $100,000,” Bogard continued. “We addressed that problem and the overall cost of such insurance.”
The NSAI/Frost Group Copyright Infringement Policy will offer coverage amounts beginning at $100,000 for less than $1,600 annually. Coverage at this low level was generally unavailable prior to creation of this group plan. More coverage is available for those who require it.
Contact Robert Frost at 615.322.9171 for more information.