Keiran Lee
British-born porn star Keiran Lee has insured his member for $1million myspace.com

A British porn star has insured his manhood for a staggering $1m (£645,000) in a bid to protect his greatest asset.

Keiran Lee, 28, who originates from Derby but is now based in Los Angeles, took out his unusual policy with Lloyd's of London, the insurance firm that famously insured Bruce Springsteen's and Bob Dylan's vocal cords.

Lloyd's of London is also responsible for protecting Betty Grable's and David Beckham's legs.

The policy was taken out by Kieran's studio, Brazzers, to insure him against a mishap that could end his lucrative career.

Lee, who has starred in more than 800 scenes in adult films, told the Sun that even though he does not plan on losing his main asset his bosses felt it was wise to play it safe.

He told the paper: "I had to have a medical exam to make sure I was fit and healthy.

"The worst part is that if anything does ever happen, the money gets paid out to Frank Lipari, my boss."

His actress girlfriend Kirsten Price had the last word: "Only a million dollars?," she said. "To me, baby, it's priceless."