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Concerns mount over the UK government’s live events insurance scheme
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nme.comFirst announced back in August, the government’s £800million UK Live Events Reinsurance Scheme – part of a partnership with Lloyd’s Market Association – is aiming to “give events the confidence they need to plan through to summer 2022” while the coronavirus pandemic continues.The scheme opened on September 22 and is set to run until the end of September 2022, and is meant to cover UK live events and festivals that are cancelled, postponed, relocated or abandoned “due to new UK Civil Authority restrictions in response to COVID-19”.However, the scheme – which will see the government act as a ‘reinsurer’ who “steps in with a guarantee to make sure insurers can offer the products events companies need” – does not cover “self-isolation” of.
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