NSAI And Frost Specialty Offer Infringement Insurance To Songwriters
July 16, 2009 at 2:11 PM (PT)
The NSAI (NASHVILLE SONGWRITERS ASSOCIATION INTERNATIONAL) and FROST SPECIALTY have created a group Copyright Infringement Insurance policy for songwriters, artist-songwriters, composers and music publishers.
NSAI President and GRAMMY-nominated songwriter STEVE BOGARD said the policy promises to make the coverage affordable for more songwriters with lower coverage limits and reduced premiums from what is typically available. "Until now, this kind of coverage was cost prohibitive or unavailable to most songwriters," said BOGARD, adding that typically a songwriter or composer had to purchase a minimum of $1 million in infringement coverage "when in fact, the majority of infringement claims are resolved for less than $100,000."
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