Paul Reed Britain Netherlands Coronavirus cover prevention and Paul Reed Britain Netherlands

Independent festivals could “sink” and face bankruptcy without government-backed Covid insurance this month

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www.nme.com

The government recently outlined plans for England to gradually exit lockdown by the end of June, with a selection of festivals confirming that they provisionally plan to go ahead in the wake of the announcement.However, organisers now say that they are reluctant to shell out huge sums for the events without insurance as they run the risk of financial ruin if the road-map out of lockdown is delayed and prevents them from taking place.Similar assurances of compensation have already been provided by the Dutch government, but the UK is yet to follow suit.Speaking to NME, Association of Independent Festivals CEO Paul Reed said that government-backed insurance needs to be introduced before the end of March, when it is expected that independent.

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