For Take1 Insurance, Sports Industry Is Major New Focus
The Sports Video Group is pleased to welcome Take1 Insurance as a corporate sponsor. Since its founding in 1985 to meet the needs of film- and television-production companies, Take1 Insurance (part of U.S. Risk Inc.) has expanded significantly to meet the needs of audio-video and communications-industry clients as well. Since 1994, Take1 has been endorsed by INFOCOMM as its preferred insurance solutions provider — the only company to ever hold this distinction.
The company’s experience includes underwriting film- and television-production companies, DICE (Documentary, Infomercial, Commercial, Educational) producers, touring entertainers, concert/playhouse venues, concert promoters, videogame developers, and specialty rental operations focused on audio, visual, lighting, sound, grip, and production. Take1 currently provides all-lines insurance coverage to a number of mobile-broadcast and satellite-uplink vendors, including fellow SVG sponsors CAT Entertainment, Coastal Media Group, CSP Mobile Media, Lyon Video, PACSAT, PSSI/StrategicTV, and Token Creek.
“We completely understand the exposure associated with the [mobile-production] business, and that is why we write all of their needs, not just some of their needs,” says Scott Carroll, VP/program director of Take1 Insurance. “You’ve got major equipment that is on the road almost year round, and you have to be able to protect that equipment wherever it goes, anywhere in the world. We can provide the unlimited capacity to do that.”
Take1’s work with mobile-production companies has already made it a major player in the sports industry. However, Carroll sees an opportunity for growth beyond the mobile industry and into the broader sports community.
“Sports is a major focus in expanding our business model going forward,” says Carroll. “In terms of what we want to do in the sports world, my goal is to build a sports platform for insurance coverage that goes beyond just trucks. One that extends to sports franchises, venues, events, and specific segments of the industry, such as motor sports.”
For more information on Take1 Insurance, visit http://take1insurance.com.