The Live Events Reinsurance Scheme will support live events across the country (such as music festivals, conferences and business events) that are at risk of being halted or delayed due to an inability to obtain COVID-19 cancellation insurance. Cover will be available to purchase alongside standard commercial events insurance for an additional premium.
The full scheme rules, as published by the Department for Digital, Culture, Media & Sport (DCMS), can be found on the webpage below.
The Scheme will run to 30 September 2022. Cover will be available to purchase through participating insurers. A number of prominent insurers in the Lloyd’s market, including Arch, Beazley, Dale, Ark and Munich Re are supporting the scheme, and more are expected to follow. Event organisers can now start approaching these insurers to discuss their cover.
See: Live Events Reinsurance Scheme - GOV.UK (https://www.gov.uk/government/news/april-2022-temporary-insolvency-measures-are-ending)
Monday, 11 April 2022
Live Events Reinsurance Scheme
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment