Government-backed insurance scheme to launch in UK
The Live Events Reinsurance Scheme, which will run until September 2022, will allow event organisers to cover against cancellation due to Covid restrictions
News By IQ | 5 August 2021
Following months of campaigning by live music industry bodies, the British government today (5 August) announced a £750 million insurance scheme for live events.
The Live Events Reinsurance Scheme, a partnership between the government and the Lloyd’s of London insurance market, will see the former acting as a reinsurer, guaranteeing policies issued by commercial insurers to live events that are open to the general public, including festivals and business events. The scheme will cover costs incurred in the event of cancellation due…
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