COVID insurance scheme for live shows and festivals will only cover events that are cancelled or pushed back due to official coronavirus restrictions, it has been confirmed.It was announced last month (August 5) that the UK government had partnered with Lloyd’s to deliver the £750million Live Events Reinsurance Scheme as part of the ‘Plan for Jobs’.The scheme, which launched this month and runs until September 30, 2022, sees the government acting as a ‘reinsurer’ – “stepping in with a guarantee to make sure insurers can offer the products events companies need”.A government spokesperson said that the scheme would be “delivered through insurers with events organisers able to purchase cover for government-enforced cancellation due to the.
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