After South by Southwest was cancelled on Friday over concerns about the coronavirus, two of its founders told the Austin Chronicle that the film festival doesn’t have insurance to cover the cancellation.
Nick Barbaro, a co-founder of SXSW who is also the publisher of the Chronicle, told the paper that the festival does not have cancellation insurance relating to a disease outbreak or a policy that would be triggered by the city declaring a local state of disaster. “We have a lot of insurance (terrorism, injury, property destruction, weather).
However, bacterial infections, communicable diseases, viruses and pandemics are not covered,” SXSW co-founder and managing director Roland Swenson told the Chronicle.
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