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Festival insurance remains “single biggest worry” as government is urged to back up events

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Reading and Leeds Festivals boss Melvin Benn have called on the government to offer festival insurance against coronavirus, after the lack of financial protection caused a line of events to cancel their 2021 editions.Boomtown and Barn On The Farm have both confirmed their cancellation in the last week, with both festivals stating that they faced a huge financial risk if COVID was to prevent them from going ahead in any capacity without insurance.“For an independent event as large and complex as Boomtown, this is a huge gamble of up to an eight figure sum and the financial risk is simply too high,” Boomtown said earlier today (April 20).Now, AIF CEO Paul Reed has warned that more cancellations will follow suit if the government fails to.

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