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UK Governments Introduces $1BN Insurance Scheme To Back Live Events
06.08.2021 - 12:51 / deadline.com
The UK government is introducing an insurance backstop to support the live events industry as it continues to be impacted by the pandemic.
The $1BN (£750M) Live Events Reinsurance Scheme will see the government act as a ‘reinsurer’ – stepping in with a guarantee to make sure insurers can offer the products events companies require.
This is a similar initiative to the Film and TV Production Restart Scheme, which has been crucial for the creative industry while producers have found it difficult to
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