Not unless the composition information / shares are different from the original version
No - you should not create a separate registration. The only time you should create a new registration within your Songtrust account is if there is a difference in the songwriting splits from the original registration.
In order for someone to cover one of your songs, they must obtain the proper license to do so. You will be owed the publishing royalties from their version of your song, and their earnings would come from the master recording.
Please note that you should add the ISRC of the cover version of your song to the existing registration in your account. You can do this via the "songs" page. If you click on the song title directly, you will be brought to a page where you will have the option to add additional recordings to that registration.
Interested in learning more? Check out our Blog Post on the basics of covering and sampling.
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