Dallas, TX - Take 1 Insurance, a Dallas-based U.S. Risk Insurance Group Inc., specializing in coverage to the entertainment industry announced recently it became a cover holder with Lloyd’s of London.
With Lloyd’s, Take 1 can provide excess liability insurance at a higher limit than before, broadening the horizon of who and what Take 1 can cover in the entertainment space, providing excess coverage with rates starting at $750 per million of coverage.
Take 1 ensures venues, producers, and integrators who install various kinds of production equipment, which all vary in the level of risk. Insurance in the entertainment industry can be difficult to assess, yet Take 1 boasts 100 percent coverage for their clients.
Status as a Lloyd’s cover holder allows Take 1 to write new policies that are non-admitted in the U.S. enabling them to expand their business. Moreover, Lloyd’s backing further establishes the credibility of Take 1, as it does with any insurance provider.
“The traditional limits of primary umbrella or excess insurance protection increasingly no longer meet the needs of today’s live event and entertainment industries,” according to Take1 Executive Vice President & Program Director Scott Carroll. “Touring musicians, special event producers, equipment rental companies, venue owners, and large corporate event producers understand the need for higher limits, often $10-million or more.”
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