Events Industry: Insurance

(asked on 11th March 2021) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what recent assessment he has made of the potential merits of introducing Government-backed covid-19 cancellation Insurance for the live events sector.


Answered by
Caroline Dinenage Portrait
Caroline Dinenage
This question was answered on 18th March 2021

The Government is aware of the concerns which have been raised about the challenge of securing indemnity cover for live events. My officials continue to work closely with the affected sectors to understand all barriers to reopening, including potential challenges around indemnity cover.

Understandably, the bar for considering Government intervention is set extremely high, especially in light of recent announcements including the extension to the furlough scheme and local business support. My officials are continuing to collect evidence of all of the barriers live events are facing to reopening, including access to indemnity insurance through the market.

We are keeping the situation under review and working closely with HMT on this issue to determine the appropriate and most effective response for the sector within the public health context.

Reticulating Splines