Australia and NZ announce first insurance schemes

After more than 18 months of lobbying, Australia and New Zealand have announced country-first insurance schemes for live music. In Australia, the Victorian government yesterday (14 November) announced plans to launch a 12-month pilot scheme that will insure up to AUS$230 million (€148m) of events.

Subsidised by the government and delivered by the Victorian Managed Insurance Authority (VMIA), the cover will insure concerts, festivals, sporting events and conferences “against cancellation due to public health measures, or where events have reduced capacity due…

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