Jens Michow on Germany’s event cancellation fund
The BDKV chief, who has been acting as a consultant to the government, explains the logistical challenges of implementing the insurance pot
Feature By Lisa Henderson | 28 January 2021
In December 2020, the German federal government set a precedent for the European live music industry with the announcement of the biggest event cancellation fund yet.
The €2.5 billion government-backed insurance pot, which will allow event organisers to plan for Q3 and Q4 2021 without the financial risk posed by a potential Covid outbreak, was the second of its kind after Austria unveiled a €300m ‘protective umbrella’ in October, in what was believed to be a world first.
Similar guarantee funds have been…
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