Nashville-based independent insurance and risk management broker Anderson Benson has been appointed as a Coverholder by Lloyd’s of London for a worldwide Media Liability errors and omissions (E&O) program.
The music industry-focused coverage includes copyright, publishing, film and social influencing and will be tailored for each group.
Groups includes songwriters, composers, music catalogues, artists, record labels, music publishers and social influencers.
This deal means Anderson Benson can now underwrite, make decisions and issue coverage in-house while accessing Lloyd’s premier security and ratings.
“The media liability E&O program allows us to provide more nimble service to meet the needs of today’s creators,” said George Anderson, president and co-founder of Anderson Benson.
“Our team is always looking for cutting-edge solutions to best serve our clients. The risk of copyright infringement, intellectual property (IP) violations or other errors for creators is significant. I’m proud to play a role in leveraging our decades of experience to modernize risk management.”
Brent Daughrity, a partner at Anderson Benson, added, “As an appointed Coverholder with Lloyd’s, we are able to expand the definitions and customize the policy to address new exposures like regulatory fines and non-fungible tokens (NFTs) for social influencers.”
